Douglas Altabef
Douglas Altabef
aside companies due earnings improving investors quality saying willing
You're really going to need to see some bellwether companies saying the quality of earnings is improving and that it's due to growth, not cost-cutting, before investors are going to be willing to set aside the skepticism.
cue early forecasts given market next rest taking trend year
On any given day, the market is taking its cue from forecasts and results. Juniper was negative, so that's spilling through the Nasdaq. I think, overall, though, the trend through the rest of the year and into early next year will be more positive.
beginnings economic fast foot iraq next people pulling putting six
On a macro level, we are at the beginnings of an economic recovery, not as fast as some people want, and we may have some altercation with Iraq in the next six months. That uncertainty is putting the foot on the accelerator and pulling it off the accelerator at the same time.
anyone conviction expected great last market reality seeing tone week
We're seeing the reality of a market that does not have any great conviction. Anyone who expected a linear, 'We're off to the races' kind of tone after last week was mistaken.
action data disconnect discussion economic intense late looking market maybe negativity rest worked year
We're looking at the first day of the rest of the year and it's looking like more of the same. On an up note, there is more discussion that maybe we have worked through some of the intense negativity of late and that the disconnect between the economic data and market action may end soon.
days few gains managers market money quarter
My sense is that you'll see a few more days of gains as a lot of money managers want to be long the market through the quarter end.
argue fairly
Wal-Mart is ? I would argue is a fairly recession-resistant retail.
center focus good iraq prospect recession
With Iraq off center stage, there is more good to focus on than not. The prospect of a double-dip recession will fade, I think.
among anxiety bad certainly earnings economy good individual season
It actually isn't a bad day -- it's a good day for techs. I think the most important thing is that earnings season is going pretty well. A lot of this is perception, and the economy may not be robust, but it's not sick. There's certainly a lot of anxiety out there among individual investors.
attitude bad good half market news tenacious
I think the market is beset with tenacious negativity. It's a 'glass is half empty' attitude in the market, where bad news is interpreted as bad news and any good news is just OK.
market time wanting
I think that there is an upward bias. The market for the first time in a long while is wanting to go up.
expect gains next seeing
I expect we will be seeing those kind of normative gains next year.
abysmal bad current economy happening interest levels positive rates rising
However, the rising of interest rates from the current abysmal levels wouldn't be a bad thing, as it would be happening because of positive reasons, because the economy is strengthening.
amazed few market past strong
I'm just amazed the market has been as strong as it has in the past few days.