Charles Blood
Charles Blood
caught sort trap
We're caught in a sort of psychological trap here and sometimes to get out you've got to go down first.
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.
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.
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.
election elections fed likes stay
During an election year, the Fed likes to stay out of the headlines.
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.
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,
bull conditions easily excessive fed high instead issue market months rapid six start trees
The trees can go pretty high instead of going to the sky, ... We could easily do another six months of bull market if conditions don't become too excessive and the Fed doesn't become too tight. The issue is how rapid they tighten. If they start doing a quarter-point every six weeks, that's fast. If it's a quarter-point and then nothing for six months that's fine. We can live with that.
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.
bull correction ongoing rather within
I think this is another correction within an ongoing bull market, rather than something more substantial.
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.
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.