Alfred Kugel
Alfred Kugel
coming earnings percent
Earnings are coming in 'in line' with expectations. We should still be up 15 percent year-over-year and that's better than we did in the first half.
bad higher news percent rally turn year
There's a lot of bad news priced into the market. If things turn out not to be as bad as discounted, we will have a rally this summer, and we will end the year 10 percent higher than we are now.
bad higher news percent rally turn year
There's a lot of bad news priced into the market, ... If things turn out not to be as bad as discounted, we will have a rally this summer, and we will end the year 10 percent higher than we are now.
bought fund higher large looking losses managers might offset pay prices realize selling situation stocks taxes tech year
They're now looking at a situation where their shareholders are going to see the fund is down for the year but they're going to have to pay taxes on large gains. The managers are selling tech stocks that they might have bought at higher prices to realize losses and offset the gains.
changed market psychology
This changed the whole psychology of the market from one of disappointment to one of optimism.
fed january looks might raise rates
Now it looks like the Fed might raise rates at the January meeting, and that might be it.
market overdone performed stocks tech technology year
You really have a two-tier market with tech stocks going down and everything else going up. Part of this is because valuations in technology stocks got overdone this year and, at the same time, the Dow hadn't performed and now they look cheap.
buying cautious fund hurricane katrina managers market quiet stance took
The market has done pretty well this week. I think the fund managers that took a more cautious stance after Hurricane Katrina may be doing a little buying now, but it's a quiet day.
demand far interest low market problem products rates worldwide
The fundamentals are still there. We have low inflation, low interest rates and a worldwide demand for American products I don't think you have a problem as far as the market going up.