Al Goldman
Al Goldman
acting brought cash climax coming couple days good internal market money selling specific value
After our selling climax on Friday, we've had a couple pretty good days that brought in cash aggressively off the sidelines. This market is just acting better because of its own internal devices, not because of any specific development. There's good value and money coming in, which is impressive.
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.
broad current extended market modest pressure selling three
Selling pressure was broad as the market extended its current modest setback to three days.
companies room selling
When you get disappointments on companies that are selling at 60, 80, 100 times earnings, you get more room to fall.
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.
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.
bear bull dead mood
It's not going to be a one-way trip. But the bear is dead and we're transitioning from a bear mood to a bull mood.
catch change glass good half last market modest month mood rally shift
The big change in this market the last month or so has been a mood shift from 'the glass is half empty' to 'the glass is half full', and that's why we've had a good rally and a very modest time-out to catch our breath.
best feeds market mood percent
The best stimulant you can have for a market is an 'up' market, and it feeds on itself. The market is 90 percent emotions, and the mood shifted.
bears keeps love market somewhat
The bears just won't give and I love having bears out there. It keeps the market somewhat healthy.
bears deserve economic economy miserable news pace points slowing
The bears are going to have another miserable day, and they deserve it. The economic news points out that the economy is slowing from the over-heated pace in the first quarter.
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,