Al Goldman
Al Goldman
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.
above fear normal pause yesterday
We had a very big celebration yesterday but there is still a lot of fear in the market. We got above 11,000 and now we're retesting it in a very normal pause to refresh.
came claims expected fewer number
The productivity number came in better than expected and there were fewer jobless claims than forecast.
bull couple expect market months remember rock roll signs
There are some signs of fatigue. We're still in a bull market but it's important to remember that it's over 27 months old. We can't expect it to rock and roll the way it did even a couple of months ago.
bear beginning boat bottom bull creates dock good leaving line markets money mood people straight
People are beginning to feel like the boat is leaving the dock -- there is a lot of money on the sidelines. The bottom line is we are transitioning from a bear mood to a bull mood, but it doesn't go straight up. Bear markets stink, but it creates very good opportunities for intermediate to long-term investors.
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,
bad based close levels news reasonable
I think we could see the Dow close at 11,000 and the S&P close at 1,300. We could get some bad news but based on what I know right now, I think those are reasonable levels to attain.
bullish mood
I think we are transitioning from a bearish mood to a bullish mood,
few markets next pops range tight trading
I think that markets are doing well considering everything we're going through. We're going to be in a tight trading range with a few pops upward here and there for the next few weeks, but we're going to come out of this (period) better off.
beyond confidence degree high looking low minute nobody responding
There is a high degree of low confidence in the marketplace and nobody is looking beyond the end of their noses. They're responding minute by minute to things.
appointed continue economic market prices raise rates rounds sign
There is no economic justification to raise rates. There is no sign that prices can go up much in this competitive environment? Raise rates or not raise rates, I feel that the market will continue its appointed rounds on the up side.
cyclical profit stocks taking technology
You are getting some long-overdue profit taking in the technology sector, and the cyclical stocks are having their day in the sun.
earnings economic rally reports strong supported
Today's rally was supported by better-than-expected earnings reports and strong economic data.