Bill Meehan
Bill Meehan
William Thomas Meehanwas an American Major League Baseballpitcher. He played for the Philadelphia Athletics during the 1915 season...
amount earnings estimates fear great growth justify next revenue stocks technology
There is not enough earnings and/or revenue growth to justify valuations in a lot of the technology stocks and there is a great amount of fear that analysts will be slashing away at their earnings estimates for next year.
actual bulls closer coming earnings expected fears hoping line results warning
We're getting closer to the earnings period, and the bulls are hoping that the actual quarterly results will be in line or better than expected and alleviate the fears that there's another warning coming in every night.
deal earnings evidence further good market realistic weak
I think that's evidence that a good deal of any weak earnings is priced into the market because the expectations have been lowered by analysts and further lowered by realistic expectations of the Street.
data earnings economic economy expect falling fourth indicative optimism quarter recovery signs third
I read the data as indicative of an economy that is not falling into an abyss, but I also thought optimism that the economy is going to show signs of recovery in the third quarter are probably misguided. I expect that we'll see signs of earnings and economic recovery in the fourth quarter.
concern couple earnings greenspan growth market past
In the past Greenspan has implied market valuations are OK. as long as earnings growth is sustained. But there's a lot of concern valuations are too high?and now we've had a couple of earnings warnings.
saying
Saying the right thing and doing the right thing are different.
hold last people rethink seem shoot since stocks tech thesis year
People that are overexposed in tech should rethink the thesis that many seem to hold that since stocks are down (significantly), they are going to shoot to the sky. Last year was an anomaly.
asia expected people question technology
People expected that Asia was pretty much over, and things would get better over the better part of the year. Now, that's called into question here, and technology is a pariah now. And I think there's probably some more downside, near-term, for technology.
appreciation bias change contrary earlier exuberance fed hoping increased likelihood market neutral opens people
Contrary to logic, people were hoping the Fed would change their bias to a neutral stance. Part of the exuberance earlier was an increased appreciation of the likelihood that we would have a president-elect before the market opens on Monday.
fear
There's not enough fear and there was too much hope.
certain extent greater impact larger major people problem
I think it will be to a greater extent a larger problem than most people anticipate. Obviously, it's going to have a major impact on certain industries.
fun investors months trading visibility
I don't think we're in for Armageddon, but there's not going to be any visibility on earnings. So we've got months of trading fun and investors can go to the beach.
certainly corporate economy help
I don't think it's going to help the economy very much, and it's certainly not going to help corporate profits.
cap concerns cross favorite large stocks talking tech
There are analysts out there talking up their favorite tech stocks. On the other hand, there are still concerns that large cap tech stocks may be doing some pre-announcements, so there are a lot of cross currents.