Christine Callies
Christine Callies
al approach companies compared corporate cuts directly economy either flow friendly guess lean mean means prefer profit stimulated tax ten
Tax cuts would probably flow directly into corporate profits. Companies are lean and mean today, compared with where they were ten years ago and if the economy is going to be stimulated by either tax cuts or new spending, I would prefer tax cuts. I would prefer the approach that is more profit friendly so I guess that means I don't prefer Al Gore's approach.
activity analysis baby basically boom boomers combine consumer grounded life overall parents personal quality retail spending tend upbeat
We'd like to combine our overall upbeat analysis of consumer spending and retail activity with our baby boom spending thesis. And this is basically grounded on the observation that baby boomers tend to spend more on quality of life and personal indulgences than their parents did when they were at the same age.
data economic market push
Economic data is going to push the market back and forth.
difficult highest paper sell unless
It's difficult to sell any paper right now unless it's of the highest quality.
It very often doesn't take off right away,
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.
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.
bad causes cut fed good news
Bad news can be good news for equities if the bad news causes the Fed to cut aggressively.
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,
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.
beauty caps contest eventually small stocks
It really isn't a beauty contest between big-cap and small-cap stocks that the small caps eventually win,
cash higher holding level morris near philip quite stock trading
For instance, I think conglomerates such as Philip Morris (are) a cash cow, ... The stock is doing quite nicely, holding up around near the higher end of the trading level here.
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.
value
We think there's a lot of value in semiconductors.