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.
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.
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.
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.
fed market peace sensitive stocks time until
Probably there won't be any peace until after the Fed has spoken. This is a very sensitive time in the market and you'd better be comfortable with the stocks you own.
fed past rally relief weeks
We think the rally in Nasdaq over the past two weeks is really a relief rally. The relief is they don't think the Fed has to go any further.
anticipate defense past people quite run sector seeing start war
The defense sector has had quite a run over the past 18 months. As people start to anticipate a war scenario, we're seeing a little froth in these stocks.
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.
based consumer economy leg risk
But the real risk that we have to see with the economy is -- does it take another leg down based upon consumer spending?
demand environment prices returned
Now that the baseline of demand has returned and (oil) prices returned to around $20 to $21 a barrel, the environment is such that there will be a return to exploration, and Schlumberger will be a big beneficiary.
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.
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.
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.