13 ordspråk av George Hodgson
George Hodgson
After a 240-point fall on the Dow, people are expecting a bounce.
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After the bubble in the tech sector this spring, I expect the shares to get positively cheap before people start buying again, and we aren't there yet. My view is that we have more downside to come.
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Corporate earnings reports are going to be centre stage ? we're in that phase of the year. Recent reports have been cautious and we're going to see if that trend continues ? if it does the markets may remain negative.
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Having shown that the nut can be cracked, this has set some sort of precedent.
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I would sign up for the view that industrial, 'old economy' stocks could well be the next to move higher. But I don't see a definitive move until we see some of the economic data in July.
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If Mannesmann had been tightly held by a group of local investors it would have been a different story. This shows that we're beginning to play by more global rules.
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It would certainly increase our comfort level to have better and quicker monitoring.
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It's a market of stocks, not a stock market. A lot of [the gains] are corporate driven, which is surprising, given that all of the news isn't good.
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It's all part of the pattern we've seen since the New Year. We had an extraordinary end to 1999 and we started the year by blowing some of the froth off.
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Markets are still trying to firm up where rates will peak in the U.S. and Europe.
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The American numbers showed the people who had been getting nervous about interest rates may now think we may be overdone.
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The deals have been the de-icing on the cake. The more dominant issue is the Nasdaq bounce, which we remain distrustful of, as we feel the market is being too complacent about interest rates.
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We're going to see no enormous change in trend. Ahead of the upcoming [earnings] reporting season, the market mood is going to remain apprehensive.
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