We're going through a very news intensive period this week and the focus of all of that is slowdown of revenue growth going forward, but we're probably overreacting, ... We get great numbers, but looking forward we don't have the robust growth -- so people are calling into question valuations. |
We're having a pretty good run here. |
We're in that dreadful point in investor psyche where bad news is bad news and good news is bad news, |
We're keeping our fingers crossed that we'll continue to see signs of (economic) stabilization, ... The economy is key and will be the catalyst to get people off the sidelines. |
We're looking for Tuesday to be a rebound day after Friday. After a long weekend, hopefully we'll start having folks coming off the sidelines doing a little bargain hunting and focusing on the fourth quarter and first quarter of [this] year, |
We're not getting a lot of companies that are doing cartwheels about the second half in terms of IT demand. In terms of where we stand, getting out of the second-quarter earnings reporting season, moving on with business as usual, is probably going to be a healthy thing. |
We're seeing a nice handful of earnings today. That is going to be the driver. The other driver, or the thing that's not going to hold us back this quarter, and I would argue has held us back the last three quarters, is the consensus is the Fed is done for the year, ... We don't have a credit tightening cycle to go through and we're seeing terrific earnings. So I would argue that the focus returns now to earnings growth, revenue growth, the strength of corporate America and not necessarily the macro-economic themes like monetary policy which have been on the forefront for the last couple of quarters. |
We're seeing better earnings news in corporate America. That's what the market is celebrating, ... We made major collateral damage to stocks in the last six weeks and over a larger 2-1/2-year period. What's happening now is that the market is bottoming out and is building a higher support base in the process. |
We're starting to see that companies are starting to admit that the second half is going to be slow, so that's a lingering fear, |
We're still in the pre-reporting season, so, we'll hear more warnings from corporate America, hopefully more positive than negative in terms of guidance. |
We've been able to handle a lackluster earnings season so far. Energy companies haven't really come into the fray yet, so things may look a little better after they report. Another positive is that we're backing off a bit from the high price of oil. |
We've been selling stocks since August, |
We've been selling stocks since August. For a one day rally, it is very justified. |
We've gone through a lot this week in terms of getting ready for the Fed, ... We've got some important news at 2:00 on Tuesday and obviously you're not going to make a huge bet in front of that. However, we seem to be in good shape for that announcement. |
We've got a lot of economic news between now and the next Fed meeting in May. The path of least resistance is higher, but there's a bumpy road. |