Al Goldman
Al Goldman
drop earlier excuse finally good home lock managers provided report sales sell stocks
Earlier this year, home-builder stocks were going up like Superman. Today's drop in the home sales report provided a good excuse for managers to finally sell those stocks and lock in some profits.
economic good news normal recovery
Fluctuation is normal after a run-up. The economic news is not good and it's not going to be good for a while, but we are in recovery mode.
correction early economy economy-and-economics four inflation market message pressure strong tank today
We've had a strong economy for four years now and no inflation, so I don't see inflation as a problem, ... The market went into the tank early today because the message was our correction just wasn't over yet and then, of course, pressure from the techs.
companies dramatic good message normal pause pulling rally
We've had a dramatic rally this year, and we're getting a normal pause today. The companies that are pulling back are the ones that have had very good runs. So far, that's the message of the market.
fed meeting raise rates
We do not think the Fed will raise rates at their meeting at the end of this month.
slide washington
Uncertainty in Washington has greased the slide downward.
economy everybody knows market question ready recover stock
Everybody knows that the economy is going to do better sometime, that the stock market will recover sometime. It's a question of when you are ready to make a bet.
bought buck buy dip early earnings economy five friday growth heck internet last looking monday nice offers people prospects reached reason sector selected stocks superior technology trend week
There's only one reason to buy stocks and that is to participate in a company's growth of earnings and I don't know any sector of the economy that offers superior growth prospects looking out two, three, four, five years than technology and selected Internet stocks. It's been working for 10 years now and I'm not going to buck a trend like that. You buy dips. We had one heck of a dip that reached a crescendo last week and people who bought Friday or early Monday have reaped very nice profits.
areas market
These are the personalities of a market getting in the areas of a bottom.
bends bull buyers discount left life market plenty price pulls seven shown sign small
This bull has shown us for more than seven years that when it pulls back it bends a little but doesn't break. You get a small price discount and buyers come right back in. And that's the sign of a bull market that has plenty of life left in it.
driven largely market past percent seeing tech today
The Nasdaq, which is largely driven by tech stocks, has soared 24 percent in the past three-week period, so today we're seeing some profit-taking as the market is refreshing.
days four gains half increase rally seven year
After four days of selling, a giveback of about half of the gains of the first seven days of the new year and a big increase in gloom, we look for a rally attempt.
acting brought cash climax coming couple days good internal market money selling specific value
After our selling climax on Friday, we've had a couple pretty good days that brought in cash aggressively off the sidelines. This market is just acting better because of its own internal devices, not because of any specific development. There's good value and money coming in, which is impressive.
anyone attack homeland worried
Anyone who isn't worried about an attack on our homeland just doesn't have a pulse.