Al Goldman
Al Goldman
although believe bottom bull far health improve line market ran remove
The bottom line is the market ran too far too fast, and we have to remove the excesses. Believe it or not, although corrections are no fun, they do improve the health of the long-term bull market.
blanket palm provided wet
A wet blanket was provided by the Palm offering.
almost builds caution chain coming high level market mood reaction selling
The mood in the market is one of a high level of caution. When you get some selling coming in, it's almost like a chain reaction -- it builds on itself.
anxiety high investors market names nervous number raises tech
A number of the high tech names are getting smacked real good. It was already a market where investors were nervous already. With the darlings getting hit, that raises the anxiety level.
business control fed reason
And the Fed is in business for one reason only, and that is to try and control inflation.
applied bound company dynamic great growth less market multiple overall
Applied Material's multiple is bound to -- down to something like 15 times forward-looking earnings. The multiple less in the overall market and it's a great company with dynamic growth prospects.
action based irrational market somewhere sound stage starts totally worry
Right now this is a market based on sound fundamentals. I do not see any irrational exuberance. I see intelligent buying. Somewhere out there we will get into a blow-off stage but when that will come is totally unpredictable. Therefore, I'll worry about it when market action starts to change.
buy soup whether
You're going to buy Campbell's soup whether or not you have a job,
both buying notorious opportunity rather sector sooner
The sector is notorious for over-reacting - both up and down - and now we are getting a little realistic. But I think the buying opportunity is going to be sooner rather than later.
despite economy improvement signs
Our economy is doing well despite what is going on in Asia, and with any signs of improvement from there, it could be up, up and away for us.
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.
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.
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.
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.