Brett Gallagher
Brett Gallagher
anyone earnings expecting heading quarter season starting
The quarter is starting off pretty rough. We're heading into earnings season and I don't think anyone is expecting anything good.
earnings less quality
Today's earnings quality is less than in the past.
appearance companies earnings easier far less looked positive profit
One positive is that S&P earnings so far have looked better than the year-earlier period. Granted, comparisons are a lot easier as companies take less write-offs, but it's still something that's encouraging. I don't think we're going to have a big profit recovery, but we'll have the appearance of improvement.
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.
bad drive earnings economic either few front good last market news next season seen trading vulnerable
We've seen more bad news than good news on the economic front over the last few weeks, but the market has been trading higher. Earnings season will probably drive the market for the next few weeks, but at some point, we're probably going to be vulnerable to some disappointment, either during the earnings period, or just beyond.
bounce earnings estimates extent given help last markets quarters risk sold unexpected week
It is a little bounce and it's not to be unexpected given how much the markets sold off last week so I wouldn't read too much into this. Earnings are going to be very important to help set the tone, but the out quarters are still very much at risk and those estimates have not come down to the extent I think they should.
companies earnings estimates gonna hurdle kick markets
As we kick off earnings season, it's going to be important what these companies are saying. Estimates are down so low, that if companies keep disappointing, markets are gonna have a big hurdle to overcome.
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.
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.
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.
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.
backup guys lost
We lost all of our power. We're on backup power. Our guys aren't trading.
giving names negative quality shaking
These are all quality names in their sectors, all giving negative guidance, and I think that's shaking investors.
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.