Alan Kral
Alan Kral
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.
ability awful both buyers hard insurance markets money risks soft terms themselves
They're heavily into the insurance business, but in a very interesting way, in terms of an arbitrage between the buyers and sellers. They don't take an awful lot of insurance risks for themselves and they've been able to demonstrate the ability to make money in both soft markets and hard markets for insurance premiums.
absent bad hope market money wants
Absent bad news, the market wants to go up. There's a lot of money around and a lot of hope around.
acts bring earnings economy extra fed finally growth hurt recently risk situation slow stocks strong
The big risk with the stocks that have done well recently is that the economy is so strong that it can't continue, and when it slows down, that will hurt earnings. Secondly, when the Fed finally acts to slow the economy and bring down inflation, it will be a double-whammy to earnings - and it will be an extra big whammy to those stocks that have been in the situation where they really need strong earnings growth going forward.
economy fed looking mean natural numbers past report slower
Once we get past the CPI, we'll be right into Fed watch. Just because the numbers report a slower economy doesn't' mean that we're looking at anything more than the natural seasonal response.
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.
confident gains good gorilla group half number ought people reasonably reports technology tomorrow tone
Cisco reports tomorrow (Tuesday) and Cisco is the 800-pound gorilla of technology nowadays. People are reasonably confident that it ought to be a pretty good number and that has set the tone for the tech group as a whole. More than half of the Dow's gains are in technology stocks.
confident gains good gorilla group half number ought people reasonably technology tone
Cisco is the 800-pound gorilla of technology nowadays. People are reasonably confident that it ought to be a pretty good number and that has set the tone for the tech group as a whole. More than half of the Dow's gains are in technology stocks.
clear fed raise rates reasonably stocks
The Fed made it reasonably clear they will raise rates again. The Fed is impacting the Dow stocks and not impacting the Nasdaq stocks.