Douglas Altabef
Douglas Altabef
mixed news question
It's a mixed picture. There's no question that the news is a lot better, but it may be priced into the market.
compelling days few news reason stocks today
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.
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.
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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.
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.
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.
amazed few market past strong
I'm just amazed the market has been as strong as it has in the past few days.
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.
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.
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.
companies future less report
What companies report now is less influential than what they say about future quarters.
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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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.
amount certainly expensive
This is not an expensive stock. We think Merrill certainly has a significant amount of upward opportunity.