Al Goldman
Al Goldman
bit certain fed further future less policy rate saying
The Fed sounded a bit less certain about the need for future rate hikes, saying further policy firming 'may' be needed.
dramatic fed move today
The Fed made a dramatic move today and it was needed,
confidence confusion easy economy investors lack main market mood prime sitting taking turn
Investors are taking the easy way out ? they're sitting on their hands. The main confusion is a lack of confidence in just when the economy will turn up and the economy will improve. The prime mood in the market is one of no conviction.
focusing future investors iran might price
Investors will be focusing on Iran and any developments there, as it might have implications on the price of oil, and of course, the future of the world.
optimistic technical
I'm very optimistic on the long bond. The fundamentals are there and the technical underpinnings are still positive.
days dog excuse giving market nervous
(Intel) is down but not out. We have a very nervous market and it's the dog days of summer, ... We are short-term overbought so we're giving some of it back with the excuse being Intel.
definite economy feet good healthier laid rate showing signs slowing
The economy is showing definite signs of slowing down to a healthier rate of expansion. I think the reason, good or bad, could be laid at the feet of the Fed.
anticipate corporate earnings economy growing healthier inflation reduced
The economy is growing at a reduced but healthier pace. We don't anticipate any inflation problems, and corporate earnings are going up, up and away. So, yes, we're still bullish.
days eight flat good looking momentum stocks street wall
The futures are flat this morning. We've had eight days of a good rally. The short-term momentum is still up for Wall Street but stocks are looking extended.
exact inflation moment news quite rally ready remain seem stocks stop
The fundamental news and the inflation news remain quite positive. We had that big six-week rally in October. Stocks at this exact moment just don't seem ready to stop this correction.
arises creates employment high level problem wage
A high level of employment is not a negative, it's a positive?. The problem arises if, in fact, it creates wage inflation. And we're not getting that,
bad turned
This is not a bad day. We started up and we turned around and now we're doing better.
normal seen
This is normal and overdue. But we've probably not seen the bottom.
momentum profit taking
This is long overdue profit taking in the momentum stocks.