Clearly, we will see stabilization. It's just a matter of when. |
Cleary this had been a disappointing first half. But I would argue that long-term investors need this kind of an education to show them that markets don't go up forever. |
Compaq is weighing down the Nasdaq, but we're getting a rotation into Dow stocks, ... It (the election) got so petered out after 35 days that it was hard to get much of a reaction. |
Concerns about higher interest rates and the yield on the 10-year note may keep stocks on the south side again this morning. The higher yield ... acts as a tax on corporations, and it may also attract money to the bond markets from equities. |
Depending on what day it is we focus on earnings, we focus on the Fed. We have to get the Fed behind us before we really pick a direction. I think that direction will be higher, but not until next Wednesday. |
During earnings, we're often in a trading range, and I think we still are right now. We've got 100 members of the S&P reporting this week, a lot of economic news and the Fed tomorrow, so for the market to go sideways a bit is not a bad thing. |
Fifty-two percent of the households in America are invested in the U.S. stock market and they want to invest in the things that had 70 percent growth last year, ... As long as the money keeps flowing into equity mutual funds and they are targeted toward Nasdaq stocks, we are going to see this go on for a while. |
For the last two weeks, the market has been focused on the Fed. That's still the case today, and it's going to be the case Monday too. |
For two weeks we've been concerned about earnings, energy prices and the euro, |
For two weeks we've been concerned about earnings, energy prices and the euro. |
hasn't been baked into the market yet. |
He's been very clear. The Fed may take a pause for a month or two, but that doesn't mean it's the end of the rate hikes. |
Hewlett-Packard didn't please us with its results, and neither did Cisco yesterday, |
Historically, six to nine months after rate cuts, the economy stabilizes and starts to swing in the other direction, ... But a lot of things are different this time. The Fed came off an aggressive tightening mode, and there's a global economic slowdown. It's just going to take a while longer this time. |
Historically, six to nine months after rate cuts, the economy stabilizes and starts to swing in the other direction. But a lot of things are different this time. The Fed came off an aggressive tightening mode, and there's a global economic slowdown. It's just going to take a while longer this time. |