Douglas Altabef
Douglas Altabef
exciting market tech year
We think one of the more exciting opportunities this year in the market are in the tech sector.
brief continue good last markets moving stock year
You'll see markets continue to do the Cha-Cha, moving higher, but paced by brief retrenchments. It's not going to be as good as last year, but I think 2004 will still be a good year for the stock markets.
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.
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.
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.
events friday market pricing reaction reality terrible
You had a terrible day Friday with the market pricing in the reality of these events and you have a continuation of that reaction now. There are no surprises. It's pretty much across-the-board negativity.
energy invisible issue market prices rising tax
The real issue is that energy prices keep rising -- it's like an invisible tax on the market and the consumer.
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.
accounting bad impact market ongoing problems scrutiny wants
The CA investigation is an ongoing thing. They've had problems long before accounting scrutiny was fashionable, so the impact of that is muted. There is the sense that the market wants to shrug off the bad news.
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.
clearly economy market reacting seeing signs
Clearly you're seeing conflicting signs about the economy and the market reacting to that.
acting great improvement june market resilience seeing
But I think the way the market is acting is actually healthy. You're seeing a real resilience on the part of the market. You're seeing a willingness to shrug off or contextualize not great news, which is a big improvement over June and July, when if the market was open, it was down.
days four great healthy market three
It was great that we had three or four days of a healthy bounce. But our take is that the market is being unduly punitive right now.