Bill Meehan
Bill Meehan
William Thomas Meehanwas an American Major League Baseballpitcher. He played for the Philadelphia Athletics during the 1915 season...
analyst favorite good open pattern pumping reason repeated sign stocks tech today virtually
It's a pattern that's repeated virtually every day. At least today there was a reason to open higher. This is not a good sign that every analyst was out pumping up their favorite tech stocks and here's the result.
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.
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.
blind dumb fame ticket
You have to be completely deaf, dumb and blind to think that anything with '.com' on it is your ticket to fame and fortune.
cut everybody fed hearing knows lower people rate shock start talk
Everybody knows the Fed is going to lower rates. You'll start hearing people talk about more than a 50-basis-point (a half-percentage-point) rate cut -- that wouldn't shock me.
appears defense focus negatively race similarly since stocks tight tobacco toward turning
We're going to be winding down (earnings) and more focus will be turning toward the presidential election. However, there's not much one can do since the race appears too tight to call. On a poll-by-poll basis, you could see drug stocks impacted negatively or positively, with tobacco stocks and defense stocks similarly impacted.