Brett Gallagher
Brett Gallagher
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.
fire investors markets pick reconcile standpoint technical themselves
From a technical standpoint the markets are a little oversold. There's tinder for the fire if the markets pick it up. Investors have to reconcile themselves that they're never going to find the bottom.
investors run step
After a big up day like you had yesterday, you have to have some digestion. Once things run up by a big amount, then investors have to step back.
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.
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.
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.
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.
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.