Al Goldman
Al Goldman
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.
reaction sharp slowing
What has been going on is a very sharp reaction to a slowing economy.
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.
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.
despite economy improvement signs
Our economy is doing well despite what is going on in Asia, and with any signs of improvement from there, it could be up, up and away for us.
fed meeting raise rates
We do not think the Fed will raise rates at their meeting at the end of this month.
economy everybody knows market question ready recover stock
Everybody knows that the economy is going to do better sometime, that the stock market will recover sometime. It's a question of when you are ready to make a bet.
bought buck buy dip early earnings economy five friday growth heck internet last looking monday nice offers people prospects reached reason sector selected stocks superior technology trend week
There's only one reason to buy stocks and that is to participate in a company's growth of earnings and I don't know any sector of the economy that offers superior growth prospects looking out two, three, four, five years than technology and selected Internet stocks. It's been working for 10 years now and I'm not going to buck a trend like that. You buy dips. We had one heck of a dip that reached a crescendo last week and people who bought Friday or early Monday have reaped very nice profits.
buy buying classic opportunity picture regretting yesterday
Yesterday was a classic buying opportunity and those who didn't buy yesterday or sold, are regretting it today. The big picture is still a bull.
bear bowl caps market super
We're already in a bear market for small- and mid-cap stocks. Big caps have been in a Super Bowl market and we are correcting that.