Al Goldman
Al Goldman
benign correction days earnings ended five healthy main market picture profit reason recovering remains rising row sea slowly taking technical three weeks
I think the main thing that's going right for the market is that we still have a very healthy economy, with rising earnings and benign inflation. On a technical side, I think the correction ended three weeks ago. The market has been slowly recovering its sea legs. We had five days up in a row on the Nasdaq composite, and that is the reason why the profit taking yesterday. But the big picture still remains very positive,
awful behind fabulous good market since
We sense that the sell-off is behind us and the market has the preconditions in place for a pretty good year-end rally, ... It's not going to be fabulous because we've already done an awful lot since Sept. 11.
depression irrational selling state
We are in a state of semi-panic in the markets. A lot of irrational depression and a lot of irrational selling is going on.
chasing driven few market momentum money
We are in a market that is momentum driven with money chasing a few stocks, particularly Internets and high-techs.
blood boy everybody highly knows sector seen shine shoe valued
There's been more blood being let in the sector than I've seen in long time. Everybody and their shoe shine boy knows we're highly valued in the sector.
buy soup whether
You're going to buy Campbell's soup whether or not you have a job,
economic friendly numbers
This morning's economic numbers were friendly for stocks,
federal increase interest rates report reserve sign
The report was a sign that the Federal Reserve may not need to increase interest rates as high.
hitting jobs report
This jobs report is what's hitting the market.
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.
anyone attack homeland worried
Anyone who isn't worried about an attack on our homeland just doesn't have a pulse.
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.