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.
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.
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.
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.
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.
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.
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.
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.