Art Hogan
Art Hogan
low next players sleepy volumes
There are sleepy volumes and low participation. There are no players around. Next week, unfortunately, is going to be the same.
buy course earnings stay stocks
Stay the course if you're a long-term investor. Don't buy stocks that don't have earnings - you need to be selective.
companies drive easier economy fourth half interest major next quarter talking
Some major companies that drive this economy have been talking about a better fourth quarter and better first half of next year, ... It's not just predicated on easier interest rates.
advantage couple days land last people regroup taking tech
Some people are taking advantage of the run-up we've had in the last couple of days in tech land to regroup a little bit,
beating good saying
Many are beating lowered expectations, but no one is saying anything good about the future,
basis cares consensus credible equity estimate fact fed five last march ourselves percentage points six talked trading tumultuous
I think 50 basis points (one-half percentage point) is a credible consensus estimate for what the Fed does (at its March 20 meeting). Unfortunately, over the last five or six tumultuous trading days, we've talked ourselves into the fact that the Fed cares about equity valuations, but that's not the case.
argue education investors markets
Cleary this had been a disappointing first half. But I would argue that long-term investors need this kind of an education to show them that markets don't go up forever.
matter
Clearly, we will see stabilization. It's just a matter of when.
clearly job starting
Clearly we're starting to see a pattern. The job that they're (the Fed) doing is starting to work.
appeal blow clearly harmful microsoft negative severe tone
Clearly, this is a severe blow to Microsoft, ... I think upon appeal it may not be as harmful to Microsoft at the end of day as it appears, but it's clearly disappointing and it will set a negative tone to the market.
clearly confidence investor
Clearly investor confidence has not come back in the market.
buying next time
By this time next week, we'll probably say we overdid it and be buying stocks.
action either fed guess higher meeting remain start tuesday until venture volumes
But if I had to venture a guess I think we'll start trending higher up until the Fed meeting on Tuesday and then really take off. Unfortunately, the volumes remain anemic here so there's not a whole lot of action going on either way.
folks offer seems side support
That seems to offer support to some of the folks on the hawkish side of the argument.