This (Thursday) is a day to worry about things, ... We got off to a rough start and typical problems continued. Obviously the earnings reports are coming into question and the GE news with the potentially failed merger with Honeywell just cast a pall over the market. |
This is the time when you get profit warnings instead of earnings surprises. Once the reports start flying in next week, you typically get a lot of positive reinforcement from earnings. |
Under normal circumstances, we'd see more investors already stepping back in, trying to anticipate the economic recovery. The war and the threat of terrorism change the equation. |
Valuations are still very high in the tech sector so any bad news hurts. |
Wall Street tends to see the light switch as on or off, ... The reality is that we're dealing with a dimmer switch and the lights are slowly coming up. The economy has picked up about as quickly as expected, but the market just isn't reacting to it. |
Wall Street tends to see the light switch as on or off. The reality is that we're dealing with a dimmer switch and the lights are slowly coming up. The economy has picked up about as quickly as expected, but the market just isn't reacting to it. |
We are at the point where the economy's improving but company earnings have not yet improved. We are probably not going to hear good things from companies until the second half. |
We have people worried about earnings. |
We have yet to see any tangible signs of economic recovery and you start to worry whether consumers will be able to hang on until business activity picks up. |
We need some sort of clear indication from the Fed that the economy is not slowing down and that inflation is not out of control. But it's not likely we are going to get that clarity in the next few months. |
We probably will not see much substantive evidence of recovery in the economy or earnings until the fourth quarter. |
We really have a diversified portfolio of cheap stocks with improving fundamentals, ... That's really our mantra of the fund, and we want to make sure that we're participating in all segments of the market so that we can give our investors consistent returns over the long run. |
We should expect some profit taking. If we hold on to half of the gains (of the last two weeks) we should be happy about that. |
We're at the point in the earnings period where we get all the bad news, because we're in the first two weeks of the new quarter. So I think there's a little anxiety about fourth-quarter earnings right now. |
We're going to have awful earnings reports for the second and third-quarter so we have to brace ourselves for that. To make a sustained rally, we need to see economic news and earnings news start to turn positive and we don't see that happening until the fourth quarter. |