Al Goldman
Al Goldman
early emotions extremely fear gain greed highs march market people reached reaching record rule stock year yelling
Two emotions rule the stock market ? one is greed and one is fear. In March 2000, greed was extreme, the market was at record highs and people were yelling 'where has this gain been all my life?' But by February, early March of this year (2001), fear had reached a an extremely high level, reaching a crescendo on March 22.
doom gloom grim high horribly level low market
It's been horribly grim this week. There's a high level of gloom and doom in the market and a low level of optimism.
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.
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.
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.
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.
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,
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.
areas market
These are the personalities of a market getting in the areas of a bottom.
ancient earnings fourth looking market quarter
Earnings are ancient history. The first quarter is under our belt. The market is now looking to the fourth quarter and ahead.
companies hit might prices rebound sharp since stock
Drug companies are being hit by the Merck trial. But since their valuations are still cheap, we might see a sharp rebound in their stock prices soon.
drop earlier excuse finally good home lock managers provided report sales sell stocks
Earlier this year, home-builder stocks were going up like Superman. Today's drop in the home sales report provided a good excuse for managers to finally sell those stocks and lock in some profits.
economic good news normal recovery
Fluctuation is normal after a run-up. The economic news is not good and it's not going to be good for a while, but we are in recovery mode.
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.