Douglas Altabef
Douglas Altabef
continues economic far few last news ongoing played profit recovery relief seeing taking
Profit news continues to be good, and we are seeing some relief from the profit taking of the last few weeks. But there is an ongoing tug-of-war between 'we've come too far too fast,' and 'the economic recovery is strong' and you're seeing that played out on a day-to-day basis.
broader earnings economic impact news stocks
Today, there isn't any economic news, and the earnings news is having an impact on those stocks but not the broader market.
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.
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.
bias conviction couple economic fourth goes next nice sideways sort upside year
I think as the year goes on there is going to be more conviction about an economic recovery. I think the market's sort of sideways with an upside bias at least for the next couple of months. I think we'll have a nice fourth quarter.
economic federal iraq market meeting reserve resolution waiting
The market is in a wait-and-see mode. It's waiting for confirmation of an economic recovery, some kind of resolution on Iraq and on what the Federal Reserve is going to do in its meeting this month.
case expect higher january jump lower massive people percent profit run wanting year
We expect the year to end 2 to 3 percent higher or lower than where it is now. The case for it going down is a massive run of profit taking. The case for it going up is people wanting to get a jump on the January rally.
accounting cheap loose people polyester ready shoes thread trust worried worries
These accounting worries go right to the underpinnings of trust and confidence. If trust isn't there, you're tugging at the loose thread of a cheap polyester suit. People are worried about what other shoes are getting ready to drop.
attitude earnings higher late numbers reaction return saw seeing starting talk whisper
Earnings have been good, but what you're starting to see is a return to the attitude about earnings that we saw in the late 1990's, where you're seeing more talk about whisper numbers, higher expectations, and a more punitive reaction to numbers that disappoint.
advance caused coming comments oil
Ostensibly, the advance was caused by oil coming down and some of the comments with the beige book.
figure people trying
People are trying to figure out what the real-world implications of AOL's announcement are.
exciting market tech year
We think one of the more exciting opportunities this year in the market are in the tech sector.
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There's no real compelling reason for stocks to be up. But you've got little new news and there's an upward bias, so we're up today after a few days of selling.
catch start
Merrill may be more of a tortoise, but they'll start to catch up.