Brett Gallagher
Brett Gallagher
confidence corporate earnings heal market street time wall
This is a market that has no confidence. Corporate confidence is shot, confidence in earnings is shot, and confidence in Wall Street analysts is gone. Only time is going to heal that.
chatter drive hear ibm market microsoft might numbers particular
I think that the IBM numbers in particular are going to be important. The chatter that I hear is that Microsoft should beat, but IBM is more mixed. So if IBM beats, that might drive the market higher.
core earnings introduce nobody ongoing operations picture present reason
I thought the reason for core earnings was to present a picture of what earnings from ongoing operations really look like. But because of this one factor, and because it's going to introduce so much volatility, nobody is going to use it.
becoming companies compare extremely investors slowly
I think it's extremely important for U.S. investors to get this idea. It's slowly becoming more mainstream. As the world has become more global, it's more important to get best-in-class, and the only way you'll do that is to compare companies globally.
against bet delayed general hesitate market near view
Our general view is that the market is very overbought and will go down, but that could be delayed somewhat. In the very near term, I hesitate to bet against the market when you've got this much stimulus.
everybody keeping
Greed's keeping everybody in the game, ... It's getting very, very dangerous.
downside greater seeing upside
Had they won, the upside would be significantly greater than the downside we're seeing . . . .
direction impact longer major war
Longer term, is the war going to have a major impact on the direction of the market? I don't think so.
died fish market
I had fish for a while, and after they died the market didn't do so well.
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.
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.