Art Hogan

Art Hogan
came capacity economy overly production robust
An overly robust economy came to a screeching halt, so there's much more of a backlog of production capacity and inventory,
afraid fearful investors missing moves nearly seven violent weeks
As fearful as investors were nearly seven weeks ago, they're afraid of missing the bottom, so that's why you see the violent moves to the upside. But we still have to get through October,
creeping definitely effects eight expected good higher inflation means passed previous reports seeing six
This is definitely good news, ... Six out of the previous eight PPI reports have been higher than expected but the corresponding CPI reports have not. That means that we're not seeing the creeping effects of inflation passed on to the consumer.
absence beginning calling clearly corporate correction economic five news people percent trying unlike
This is not unlike the five percent to 10 percent correction a lot of people were calling for in the beginning of the year. You have an absence of corporate and economic news and clearly people are trying to rationalize valuations.
markets trading
The way the markets have been trading this year,
coming euphoria wear
This euphoria is probably going to wear off for the Nasdaq and Dow coming into tomorrow.
days elections hard rotation
Compaq is weighing down the Nasdaq, but we're getting a rotation into Dow stocks, ... It (the election) got so petered out after 35 days that it was hard to get much of a reaction.
good hard marquee microsoft name sit
Of course, when you have a marquee name like Microsoft disappoint, it's hard to sit up on good news.
clearly equity forceful itself less light playing point rhetoric shows
They were less forceful in their rhetoric and that shows a little light at the end of the tunnel, ... Clearly they're at a point where what they say is more important than what they do and that's playing itself out in the equity markets.
cut delayed good investors looks rate reaction
This is a delayed reaction to the Fed's rate cut and it was good news, ... It looks like investors are participating.
awful bombing earnings fact investors juncture market moving reports seems sidelines sort starting
I think the fact that we had this awful bombing ... and yet the market seems to be moving on, that it's starting to become sort of priced into the marketplace. We may get investors to get back in off the sidelines at some juncture as we start to get earnings reports for the quarter.
fourth quarter signs
I think the fourth quarter is going to be great, ... We just don't have signs of it yet.
basis current data lower points signs terrific trend
I think the Fed's going to lower by 25 basis points and I think the trend is going to show stabilization and a pick-up in growth. The current data is not going to look terrific but there will be signs of stabilization.
certainly early good higher oil prices work
I think the early going, the higher oil prices are what's happening, ... We could certainly work our way through it if we get some good earnings.