Brett Gallagher
Brett Gallagher
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.
everybody keeping
Greed's keeping everybody in the game, ... It's getting very, very dangerous.
earnings less quality
Today's earnings quality is less than in the past.
bubble cheaper compared market peak point running
Yeah, we're cheaper than we were at the peak of the bubble and running up to the bubble. But compared to any other point the market is overvalued.
direction red reverse
I don't see anything fundamental that's going to reverse the market's direction. We're going to get a lot of red flashing on our screens.
aggressive beat companies easy fairly general low mean quarter quarters
However, expectations for this quarter in general are so low that it will be fairly easy for companies to beat and that can give us a short-term boost. But will it mean anything? Expectations for the subsequent quarters are still too aggressive and unrealistic.
accounting allowed data early economic issues market markets recover shows somewhat
The undertone to the market is still somewhat positive. The economic data shows that we have bottomed. It's what allowed markets to recover in early January. But the accounting issues are here to stay.
earnings majority market misses violently week
The majority of earnings have been good, but there have been some misses and the market has reacted violently to them. This is a week that has put me on alert.
save stand worse
I can't stand the dollar. There's nothing that's going to save it and it's going to get worse .
bad december guess meet news reckoning send sometime
I don't think there's going to be enough bad news in December to send us lower. My guess is we go up through the end of December and we meet our day of reckoning sometime in the new year.
aggressive creative fraud king
I don't think there's any fraud there, but they're the king of creative and aggressive accounting.
bounce determined far fast investors market recently takes today
The market was down so far so fast recently that I don't think it takes much to get a bounce here. Investors were just determined today to be optimistic.
liked markets obviously
The markets obviously liked it. For a day.