John Shaughnessy
John Shaughnessy
again both course cuts earnings economy enhances federal finally growth line market meets percent reserve showing signs
Right now, as I see it, the market probably will stabilize through mid-May. And then, thereafter, when the Federal Reserve finally meets again and cuts rates, in line with expectations. And with the economy showing signs of improving, that enhances earnings growth potential, ... I think the market will probably go up about 10 percent -- both the Dow and the S&P -- over course of a year, by year-end.
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The residents of Bradenton Beach should have a vote,
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I think frankly the Fed might even raise rates maybe 25 basis points, but that should be it, I think, for the rest of the year. And the market should breathe a huge sigh of relief that, plus the strong earnings reports for the second quarter. For example, operating earnings are supposed to be up 18-to-20 percent. So certainly the ingredients for a good strong summer and early fall rally are in place.
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The reality is that if the Fed raises interest rates by a quarter of a point all that's doing is serving to keep inflationary pressures under control.
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We were congratulated and got letters saying we were to attend orientation for the academy. Then we were told there wasn't enough money. We were crushed.
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We're making it tougher and tougher for the bad guys,
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What we're seeing happening is the best of all worlds. The economy is strong yet inflation remains quiescent. The earnings outlook remains reasonably good. Given those things, the money continues to flow into the market from both domestic and foreign sources.
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They're very, very good at what they're doing, ... and they're a few steps ahead of us in a couple of areas. They've done their homework about the payments system and because of (them) we all have a chance to lose some sleep at night.
bank capacity certainly current discount earnings growth market modest next number percent provides selling year
Bank One is selling at a discount to the market and provides a modest current yield. And frankly, it's got the capacity to grow, with earnings growth of 13 percent a year over the next number of years. So it's one that we think, certainly for value-conscious investors, makes a lot of sense.
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Novell has got a bit of a rocky road now, having lost its CEO, so it would probably not be my No. 1 stock focusing in this area right now. If you (own) a position, I probably would hang with it, but I would not be adding positions here.
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I think what the market is saying is, 'The heck with interest rates, let's focus on the fact that the economy is in good shape, the fact that earnings are probably going to continue to be very strong,' ... In the Game.
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I will say that of all the hacks we've seen - and we've seen hundreds and hundreds of these - had the third-party been in compliance (with association rules), they probably wouldn't have been hacked,
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Look back in the last 30 years, the Federal Reserve has caused every major market pullback because of tightening the monetary policy, ... I believe the odds are that they will be raising rates by 25 basis points on Nov. 16. But beyond that, that will be it, well into the year 2000 before any further rate increases take place.
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The networking area in general is certainly one of the fastest growing segments of the technology area.