Al Goldman
Al Goldman
based bull dance expect four good night teenager three
We can't expect it to dance all night like it did three or four years ago. It's not a teenager anymore. But it's still a bull based on good fundamentals.
turnaround
We do have preconditions in place for that turnaround in sentiment.
beyond bigger faced history horrible looking mind nation peaks shift valley
We need a mind shift to looking beyond the valley to the peaks ahead. We have to look at the history of the nation after it's faced other horrible disasters. We always come back bigger and better.
appears bond concern excuse fed financial hike increased investment nervous predicting rates three
We have a very nervous investment environment. The excuse is bond rates are up and there is increased concern about the financial futures market, which appears to be predicting three more rate hike for the Fed funds.
earnings economic rally reports strong supported
Today's rally was supported by better-than-expected earnings reports and strong economic data.
comments company estimates ibm looks momentum percent price research shares stock trend
IBM ( IBM : Research , Estimates ) is a very well-managed company, it looks to us like the shares have made a bottom, that the short-term trend is improving, that momentum is improving. And the company has had some disappointing comments to make. But that's already in the price of the stock. And the stock is down some 40-ish percent from its high, and very well managed.
catch goes market maybe points
If we find him dead, I think the Dow goes up 100 points and it's a short-term top. If we catch him alive, the market goes up maybe 50 points and then goes down.
al care defensive economy gore great growth matter money radical stocks supposedly thinks track washington white
Pfizer's a great company, great track record. The economy is slowing, so I think money is going to see defensive growth stocks like the pharmaceuticals and I really don't care what Al Gore thinks about supposedly big drug companies. We're going to have gridlock in Washington and there's not going to be any radical legislation no matter who is in the White House.
depressed economic either everybody good keeping price problems
On one side, we've got pretty good economic fundamentals. On the either side, we have all the problems that are keeping everybody depressed -- Iraq, Iran, the price of oil.
cause earnings economy increase modest pleasant point quarter second
Second quarter earnings are going to be a very pleasant surprise. A quarter point increase won't even cause the economy to sneeze. It's so modest it will not be a factor.
broad current extended market modest pressure selling three
Selling pressure was broad as the market extended its current modest setback to three days.
economy either feeling good hurt increase interest modest raised rates
My feeling is the economy is going to slow, either on its own or by the Fed. If you think interest rates are going to be raised steadily, that's not good for anybody, but a modest increase does not hurt technology.
slide washington
Uncertainty in Washington has greased the slide downward.
companies room selling
When you get disappointments on companies that are selling at 60, 80, 100 times earnings, you get more room to fall.