Alan Kral
Alan Kral
coming couple financial fourth involved last leading looked morgan quarter retail stock
Two that need to be looked at are J.P. Morgan and Merrill Lynch. J.P. Morgan because they have been heavily involved internationally over the last couple of years, and Merrill Lynch is the leading retail financial brokerage stock in the country. How they did coming out of the fourth quarter is very important.
asia demand domestic drop expect exposure floor lifting near oil pick prices recovery time
We pick those two for their exposure to the domestic market. We think the recovery in Asia is lifting demand and has re-established a floor under oil prices, and we don't expect prices to drop any time in the near term.
oil ought positive price several starting
We like the oil stocks. Oil has been in the dumpster for several years. We're starting to see the price hikes. Oil is up over $30 a barrel. This ought to be positive for these companies.
bit bond bonds gotten maybe money nervous price stock yields
We have reallocated out of bonds. We got a little bit nervous back in December. However, now that bond yields have gotten back to where they are and stock price are where they are, I think you're going to take a real look at bonds and maybe take some money off the table.
election
Overlying everything, you've got the election and there's a lot of uncertainty.
bond couple dropped economy fed gone hanging hopes job price quarter second slightly slower tail yields
I think the Fed is hanging its hopes on a couple of things. The bond price has dropped and yields have gone up and it is doing the job for them. . . the economy as a whole is slightly slower in the second quarter than it was in the first. There's hope that it will tail off to a more sustainable rate.
bounce couple
I think we will bounce after a down couple of days.
begin earnings focus people
I think what people will begin to focus on is earnings going forward.
along basically bear bounce fed market question saw seen sharp trend yesterday
I think what we saw yesterday (Tuesday) was a bounce in the bear market. It could continue. There's no question there are going to be sharp rallies all the way along in here. But I think the trend has been as long as the Fed has been active, we've basically seen a down market with some rallies in it.
bias looking market money people places reasons
People have been looking for reasons to buy. There's so much money around and that places the bias in the market on the upside.
basis change fed impact order people points quarter respond
I think people are just not going to respond to what the Fed does if it's only 25 basis points (a quarter point). In order to have any kind of impact he has to change people's actions, he has to change what people do.
alan chairman disappoint means range reflected seeing swing today
What you're seeing today is that swing back and forth. There's always a range of expectations, which means he'll (Fed Chairman Alan Greenspan) always disappoint somebody, and a lot of that disappointment was reflected yesterday.
coming continue good line numbers straight volatility
We'll continue to see volatility for two reasons. First, there's no straight line of good numbers continuously coming out of the economy.
adding bad bias flowing gets money news underlying until upside
The AT&T thing gets some money flowing around into the mergers-and- acquisitions end of the business, which is adding some froth. The underlying bias is on the upside until bad news comes out, and I don't think the bad news is over.