Brett Gallagher
Brett Gallagher
durable economic extent good poor vacuum
To an extent we're in a vacuum where even poor economic statistics, such as the durable good orders, can't dissuade investors.
boost good huge market outcome rally time unlikely
It's unlikely the market would get a boost from that kind of a result. This time we have such a good outcome priced in that I don't think we'll have a huge rally once this is over.
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.
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.
ability concern corporate costs create deals driven economy general greater help meet next reduce seem
There's a general concern about the economy and corporate profits. The deals seem to be driven by the ability to reduce costs or create greater synergies of scale, so it's not something that's going to help them meet next quarter's earnings.
ability concern corporate costs create deals driven economy general greater help meet next reduce seem
There's a general concern about the economy and corporate profits, ... The deals seem to be driven by the ability to reduce costs or create greater synergies of scale, so it's not something that's going to help them meet next quarter's earnings.
best bottom companies developed ends giving market pick sector stock
Every market and every sector has different things that make it tick. So when we're looking, for example, at developed markets, we are bottom up stock pickers. We'll pick the best companies and see what kind of allocation that ends up giving us.
both conviction investors keeps pushed recovery tested view
There's nothing for investors to latch on to with conviction. We're being tested on both sides. With no clear-cut view that things are getting better, the (economic) recovery keeps getting pushed out.
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.
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.
buy talk
GE will probably talk up their numbers, but I don't know if I buy it.