Charles Blood
Charles Blood
bit bottom downside follow friday good last looks sort
A really good bottom looks a little bit like it did last Friday and Monday, but then has follow through, it doesn't just sort of sputter out. I'm a little bit concerned, in the short-run, that there's downside risk.
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.
history microsoft split stock success
A stock like Microsoft has a history of splitting. It's not the split that makes Microsoft a success. It's the success that makes the split.
history microsoft stock
A stock like Microsoft has a history of splitting,
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.
correction expect market overall percent ultimately
We ultimately expect the overall market to be down...and end up with a correction that totals 10 to 15 percent from the peak.
bit decent earnings economic higher interest pressure putting rates rising
We have decent economic growth, but the Fed's tightening, ... Earnings should be good, but rising interest rates are putting a little bit of pressure on valuation. All that nets out to a higher market, but not every day and every week.
fed meetings next raising situation six time
When the time comes for the Fed to have these meetings over the next six months, the situation will look different and they will actually keep raising rates.
earnings
It doesn't matter. Earnings could be doing anything.
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.
lack week
I think they probably should have canceled this week for lack of interest.
bull correction ongoing rather within
I think this is another correction within an ongoing bull market, rather than something more substantial.
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.