Charles Blood
Charles Blood
bad showing
It's pretty mushy out there, ... But it's not a bad showing after yesterday's (Monday's) drubbing.
ahead case employment explain number profits today weekend weird
There really isn't anything to explain today in the employment report. There wasn't any weird number today. Everything was in line. (The profit-taking) could be a case of 'Let's not be piggish. Let's take some profits ahead of the weekend and the election,
clear nice
We are pretty clear into a nice correction,
pessimism seem vulnerable
There doesn't seem to be the overwhelming pessimism that you typically see at a bottom. I think the market's vulnerable on the downside.
fantastic last perverse sort
In fact, if you wanted to be sort of perverse about it, the last thing I'd want to see would be fantastic earnings.
cheap relative stocks terms
Cheap is a relative term. In terms of price-to-earnings ratios, some of these stocks are still high.
core holding market
But the market is not cheap, ... So if you're playing, what should you be playing? GE, I think, is a core holding in anybody's portfolio.
blue bullish case catch chips correction highs last later market month particular rest
The particular bullish case for the blue chips here is that they've really had a correction over the last month or so, ... I look for the blue chips to catch up with the rest of the market and make new highs later this month.
basically blue chip highs middle
I think we're going at least up to the old highs by the middle of September. I think this is still basically a big-cap, blue chip market.
direction investors
I think investors should be back in the market. The direction is up from here.
economy economy-and-economics interested markets policy rate
Historically, markets are much more interested in things like how the economy is doing and what interest rate policy is than who is in power.
earnings
It doesn't matter. Earnings could be doing anything.
lack week
I think they probably should have canceled this week for lack of interest.
key market past period realize straight worst
We are now on are way back to new highs, ... The key thing to realize is we're past the worst. The market is not going to go up in a straight line, but the worst period is over.