Al Goldman
Al Goldman
concern greenspan market supposed upset
The market has way overplayed concern over inflation, ... Greenspan did what he is supposed to do. When things look great, he has to look like he has an upset stomach. When things look bad, he has to be all smiles.
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The market has done a good job of ignoring signs we have bottomed. That's more a ghost of the bear market than any disbelief in the numbers. A dog that's mistreated doesn't trust a hand extended in kindness. This will change.
bear disbelief dog extended ghost good hand ignoring job market mistreated signs trust
The market has done a good job of ignoring signs we have bottomed, ... That's more a ghost of the bear market than any disbelief in the numbers. A dog that's mistreated doesn't trust a hand extended in kindness. This will change.
adjust along came economy election gave growth market patient recovering signs slowing trying until
The market has been trying to adjust to signs of a slowing economy and a deceleration in the growth of earnings, not a deterioration a deceleration, ... We were doing better until the election snafu came along and gave a just recovering patient a relapse.
build focusing gold good ignoring investors iran key market optimistic price short term whether
The market is ignoring the price of oil, Iran and the price of gold at the moment. Investors are focusing on the good and ignoring the bad. Lately, that hasn't been the case. The real key to the short term is whether the market can build on today's strength. I'm optimistic but nervous.
market pause
The market is going to take a pause to refresh,
beyond fed looks market mechanism months mood shook supportive therapy willing yesterday
The market is a discounting mechanism and typically looks six-to-nine months ahead. But now everyone is so shook up they're not willing to look beyond the end of their nose. What we need is a mood shift, and they (investors) got no supportive therapy from the Fed yesterday (Tuesday).
economy market remains trend
The long-term trend for the economy and the market remains bullish.
behind concern created employment falling fed funds impetus jobs labor less main market maybe points rate selling stop though tight
The main impetus behind the selling was the employment figures. Even though we created 193,000 new jobs, which was less than consensus, the unemployment rate falling to 4.7% points out that the labor market is very tight and this has conjured up concern the Fed may not stop at 4.75% on Fed funds but maybe it will go up to 5%.
behind employment impetus main selling
The main impetus behind the selling was the employment figures.
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.
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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.