Alan Skrainka
Alan Skrainka
anymore argument assumes companies economy food gamble heard naked sitting surfing versus
It's just the nuttiest argument that I've ever heard -- this whole idea of old economy versus new economy assumes that we're all going to be sitting around in the dark, naked and hungry, surfing on the Internet. The idea that you don't need food companies or companies like Procter & Gamble anymore is just nuts.
ibm looks market unchanged
Take IBM out and the market looks pretty much unchanged on the day.
close five next reasonably relative talking
It's (Johnson & Johnson) very reasonably priced, relative to its prospects, and while J&J may be at a yearly high, again, we think it is pretty close to its five-year low, if you are talking about the next five years.
bottom fear half ibm investors jones market morgan questions sell stay unusual
It's a very unusual day for the Dow Jones because IBM and J.P. Morgan accounted for more than half the drop. We've got a lot of fear in the market place and that's going to continue. We don't know where the bottom is, so just stay the course. There's so much uncertainty and investors have so many questions that they just sell stocks.
continues dominated economic focused goals market remains stay
I think the market remains hypersensitive to these (economic) reports. You should stay focused on your long-term goals and not short-term economic reports, but the market continues to be dominated by fear, uncertainty and confusion.
drop great history largest last potential six stock year
Over the last six years, we have experienced the largest drop in price/earnings ratios in the history of the U.S. stock market, going back to 1871. 2006 has the potential to be a great year for stock investors.
bit interest outlook strong
There's cautiousness about the interest-rate outlook --- a bit of consolidation after very strong gains.
announced business grocery higher last merger quite since stable stock truly value wonderful work year
Albertson's is truly a value stock, the third-largest grocery chain, with a very stable predictable business with 29 years of higher earnings. The stock was really clobbered since they announced a merger last year that didn't quite work out. But it's still a wonderful company, at 10 times earnings.
focused interest investors measures rates return seeing value
You're seeing a return to traditional measures of value as investors become more focused on things like (price-to-earnings ratios), interest rates and earnings.
economy eventually far gap rubber snap stocks stretch wider
The valuation gap between old economy stocks and new economy stocks is getting wider and wider. To me, it's like a rubber band. You can only stretch it so far and eventually it's going to snap back.
economy facing temporary
This economy is facing a temporary setback. What it's going to take is time.
economy electricity gap medicine performance rubber seems sounds stocks
I think the performance gap between the new-economy and old-economy stocks is like a rubber band; it seems to be snapping the other way. The new economy sounds very exciting, but you're still going to need food, medicine and electricity to survive.
beginning costs economy labor lead paint reports rising signs taken together
I think all these reports taken together are going to paint an economy that is too hot. Labor costs are rising and that is beginning to lead to some signs of inflation.
again brakes earnings few focus investors people seat shifting tap volatile
I think it was a very volatile and directionless week. Investors should tap on the brakes a few times and strap on their seat belts. (Last week) was very earnings driven, and now it's shifting and people are going to focus once again on value.