Christine Callies
Christine Callies
doubt evidence fact markets starting
We doubt that the markets are going to take off here. I think we will need more evidence that in fact things are starting to turn.
bond caused fed indication lower market monetary particular reason start talking yield
We don't see any indication that the Fed would have caused to start talking more tolerantly about monetary policy. And we don't think the bond market has any particular reason to go down to lower yield levels.
data economic market push
Economic data is going to push the market back and forth.
background bad bear confused market people
In Nasdaq, we've been in a confused bear market for a while. The background environment, particularly in the economy, is not as bad as people think.
anxieties bit corporate couple election expect fourth market minor months next ok prices profits quarter stock third turn view
The election is a minor uncertainty that the market would like to get out of the way. Over the next couple of months I do expect stock prices will be better. I think corporate profits will turn out to be OK and the market will view some of the tensions and anxieties of the third and fourth quarter as a bit of overkill.
economic equity itself market positions recovery
The equity market typically positions itself for economic recovery at the approximate mid-point of recession.
few inch market might months seen somewhat supported
The market is supported by somewhat better fundamentals than might have been seen a few months ago. I think the market is going to try to inch higher.
case markets
The markets have got a case of valuation acrophobia,
bullish might people sales sector tech volumes
Sales volumes in the tech sector might be erratic... it's nothing serious, but just not as bullish as people would like,
actual equity managers money percent rare three
There's more gamesmanship in this profit-taking than actual concern. Money managers have now had three years of 20-plus percent equity returns. They know this is rare and they are cashing in.
essential prices rebound share
Most of the essential catalysts for a significant rebound in share prices are present.
area areas buying call change companies included meaning structure tech technology trying
We're buying technology areas very selectively, ... and we're branching out into an area that we would call tech proxies, meaning there are very often 'old economy' companies that are trying to change their structure so as to be included in the new economy.
ability cannot change debt drivers importance policy profit since
Since the ability to refinance or restructure debt is one of the incremental drivers of a profit trough, the importance of this policy change cannot be overemphasized.
value
We think there's a lot of value in semiconductors.