Clark Yingst
Clark Yingst
looks reflex
Technically, it looks like no more than a reflex rebound, an oversold bounce.
cases earnings estimates falling fast
These earnings estimates are falling in some cases in as fast as the (stock) prices.
companies stocks watch wireless
The stocks I would watch would be the wireless companies like Qualcomm and Motorola.
chief far fears function gone greenspan news perhaps worst
Perhaps it's a function of the fears that (Fed Chief Alan) Greenspan has already gone too far (with interest-rate hikes) and the worst news is yet to come.
perhaps repeat year
Perhaps as the year unfolds, you are going to see repeat (earnings) disappointments.
rally sector tech
We would characterize today's rally in the tech sector as an oversold bounce.
news preview
It's all related, I think, to the news from Colgate-Palmolive. It's (earnings) preview season, which is always treacherous.
confident earnings good punished stray
We're still going to get some stray previews. I am much more confident the disappointments will be punished than good earnings will be rewarded.
chairman elusive generally good greenspan growing perception seems soft wall
There seems to be a growing perception that (Fed Chairman Alan) Greenspan is engineering what has historically been so elusive on Wall Street. And that's a soft landing, which is generally good for stocks.
evidence few growing late market next rally volatile
There's a possibility that we may have a very volatile market a very choppy market over the next few weeks. The evidence is growing that the rally (of late April) was just an oversold bounce.
headed market seen suggest
This morning's PPI would suggest to us in all likelihood, the market has yet seen its bottom, and it's probably headed lower.
began correction couple happening sector technology weeks
I think what's happening is a continuation of the correction in the overbought technology sector that began a couple weeks ago.
higher likely persist rates suspect until
I suspect 'Well we're in a directionless market' is likely to persist until we get a better read on how much higher rates will go.
behind earnings expected interested moves report stock sustain upside
I'm going to be especially interested if the stock can sustain any upside moves behind the earnings report that is expected to be very good.