Art Hogan
Art Hogan
clear earnings guilty missing sign worries
Unfortunately, everyone else is guilty by association with Procter missing (its earnings estimates), and everyone worries about who else in the Dow will miss, ... I think it's a clear sign of investors' overreaction.
america equity flowing funds growth households invested keeps last market money mutual percent stock targeted toward
Fifty-two percent of the households in America are invested in the U.S. stock market and they want to invest in the things that had 70 percent growth last year, ... As long as the money keeps flowing into equity mutual funds and they are targeted toward Nasdaq stocks, we are going to see this go on for a while.
argument bad certainly kick market news next people season week
Next week we really kick that (warnings) season off. There's going to be more Gateways out there, and that's not going to help. People will make the argument that a lot of that bad news has been priced into the market already, but it certainly wasn't yesterday.
bets concerned economy people slowing
Obviously, we are still concerned about how much the economy is slowing going forward. There are a lot of people who aren't making bets on this marketplace.
data economic major move number
It's a lagging number that will have two revisions. There were no major surprises. Economic data will still move this market, but this isn't one of them.
cash keeps
It's two times oversubscribed. That keeps a lot of cash on the sidelines.
behind everybody explosive sexy wants
It's the sexy sectors -- tech, biotech -- that are behind the explosive growth, ... Everybody wants to be a part of that.
ahead change couple last meetings seen stop time
It's the first time we've seen a change of verbiage in the last 10 meetings or so, ... We're now a couple of meetings ahead of when they'll stop tightening.
fear heading investors ongoing puts sidelines words
It's that ongoing fear of slowing. It puts into words what you don't want to hear. Investors are heading back to the sidelines for a bit.
biggest consumer dollar earnings effects fear ill strong versus warn weak
The biggest fear is earnings going forward, ... All the consumer non-durable multinationals are going to have to warn about the ill effects of the strong dollar versus the weak euro, but that's cyclical.
early good market seeing wall
Not to be heartless, but this is very good for Wall Street, ... And I think that is why we are seeing this market take off in the early going.
america bad corporate knew letting news numbers stuff technology
The bad news is stuff that we know about -- it's Corporate America, especially on the technology front, letting us know they're not going to make their numbers and we knew that was going to happen,
reflex seeing
It's an oversold bounce, ... After you get oversold, you have a reflex rally, and that's what we're seeing now.
credit cycle equity markets ongoing piece slowing trend
It's another piece of the ongoing trend of a slowing economy, ... The credit tightening cycle is nearing an end and we have the equity markets celebrating that.