Brett Gallagher
Brett Gallagher
adds certainty
I don't think it adds any certainty to investors' uncertainty about the future.
based beginning bets economy focus gone gotten higher individual investors iraq issues latest market playing reason return since underlying war worse year
I don't think individual investors should be playing this market right now, making bets based on the latest Iraq news. Once the war ends, we've got underlying fundamental issues that will return to focus. The war is not the reason the economy is having trouble. Fundamentals have gotten worse since the beginning of the year and yet the market has gone higher because of the focus on Iraq.
anybody asleep originally people
Anybody who was asleep through all of this is getting jolted awake. A lot of people are back to where they were when they originally started investing.
early earnings horizon ignoring investors looking major power quarter roadblocks short staying third
Investors have been ignoring earnings and looking forward, pretty much discounting the third quarter and looking to early 2002. I don't see any major roadblocks on the horizon for now. We have staying power in the very short term.
decide investors last morning previous rally reaction whether
Investors had to decide this (Monday) morning whether last week's rally was real or just a knee-jerk reaction to the previous week's losses.
basically comments decision fed tone top
The Fed decision was basically right on top of expectations. Even the tone of their comments was balanced, as it should be. I don't think there were any surprises.
company list
If your company comes up on the list of those that haven't signed, ... there's going to be a lot of questioning.
closer employee estimate intel number says truth value
Intel says it can't put a number on the value of employee options. But any estimate is closer to the truth than zero.
consumer future gains increasing laying leg longer negative people rate savings
In our view, we're going to have another down leg here because of the consumer. If you keep laying people off, that doesn't bode well for future consumer purchases. We have a negative savings rate and we no longer have the gains from the portfolios which were increasing wealth.
behind chance close exactly gap last manager
If you're a manager who's been way behind this year, this is your last chance to try and close the gap and salvage the year. So you're going to do exactly that.
died fish market
I had fish for a while, and after they died the market didn't do so well.
positive tax
Eliminating the dividend tax is a psychological positive for the market, ... but at the end of the day, it's no big deal.
businesses case earnings seem smooth suspect
It's always been the case of something you suspect but have never been able to prove. Earnings seem improbably smooth when you look at the businesses of the company.
certainly names sink stable taken tech
It may have taken a little while for (3M and Lexmark) to sink in. Lexmark is certainly not a bellwether, but it was one of the stable names in the tech sector.