Art Hogan
Art Hogan
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.
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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.
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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.
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.
clearly effect equity exaggerate low strange summer tends vacation volumes
I think we're clearly in summer vacation mode, so we're going to have low volumes -- which has a strange effect on equity valuations and tends to exaggerate moves,
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You can't have it both ways -- the economy can't be strong and have us worrying about revenue growth going forward, so it has to be the trend is slowing and how much that affects equity valuations going forward.
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The equity market is a very forward pricing mechanism, ... I think what's going to happen to Microsoft happened over the past few weeks. The damage has been priced in.
concern fed higher leave meeting rates remains rhetoric thinking
I'm thinking the Fed will leave the rates unchanged, ... We've ramped up pretty higher into this meeting and my concern is the psychological letdown if the rhetoric remains strong.
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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.
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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,
gives trading
That gives us a lot of trading time, unfortunately.
confidence consumers continue created high interest lower money rates remain retail spending stayed stores
The retail stores are doing well. Consumers remain confident, continue to be out there spending their money, ... A lot of money was created with lower interest rates and refinancing -- things of that nature. So, consumer confidence has stayed very high and retail stores, that have actually done it right, have been doing pretty well.
Once again, it's not what you do, it's what you say,