Joseph Battipaglia
Joseph Battipaglia
chip deal lifting likely news oracle people recent relieved view
The PeopleSoft news could make it more likely that the Oracle deal will go through. And after all the recent downgrades, people are probably relieved to see a brokerage lifting its view on the chip sector.
business consumers number side soft
Clearly, it's all about the economy. The consumers are doing their part . Now the business side has to come along, too. That's why today's soft ISM number was so disappointing.
earnings interest pull push range rising seems step trading
But if you step back, it seems to me that we're still in the trading range we've been in for some time. There's still the push and pull between rising earnings and rising interest rates.
continue cut earnings estimates investors market next point several though
Investors are not put off now by the onslaught of disappointing earnings expectations. I think we're well through the inflection point where the market will continue to recover, even though earnings estimates will continue to be cut for the next several months.
christmas coming consumer drought election forget good group home last means might retail spending street tough wall worried year
I like the retail group as a whole because now Wall Street has soured on these companies, ... They're worried about the consumer vitality. But don't forget we have an election coming up in November. That actually stirs confidence, interestingly enough. This could be another good Christmas season. Also this summer, we may not see a drought for most of the country, which means people's spending on home and hearth might be a little better than it was last year when it was so tough outside.
certainly leading performs pick producer segment share stronger
If you are the leading low-cost producer in a segment, as that segment performs and you pick up share from other competitors, you're only going to be stronger when things normalize, and Dell certainly typifies that at this point.
In the end, it's not going to have much of an effect. I don't see this as anything more than transitory.
cuts pain producers production
I'd have to see some significant production cuts and some pain from the producers before I would even take a nibble at it.
easy good huge major quite run upside year
I don't think there's a huge upside in the major indexes after the run we've seen. But there are still good opportunities out there and through the first quarter, it just won't be quite as easy as a year ago.
available fairly money tech
I'd say we're doing very well, all things considered, ... Clearly, there is more money available out there, when even sectors that are fairly stretched, like tech and banks, are doing well today.
beyond bond convinced fed higher interest market meaningful overall percent second worse
I don't see them getting much worse than 6-1/4 percent on the long end, ... The overall bond market is not completely convinced that we're going to see meaningful higher interest rates. Something is going to give here, and my sense is that the Fed is not going beyond this second cut.
correction
I don't see much of a correction at all,
clearly dollar earnings economy europeans hit inflation itself japan market momentum positive proved rates start struggling
The economy has proved itself to be vibrant. Inflation is clearly in the bottle. The dollar is back on track. Japan is struggling again. The Europeans want to get out of recession. Rates don't go up in that environment. We've got a market that is going to go off of earnings with a lot of positive momentum and start to hit new highs.
clean deadline iraq key mass means remains satisfied seen states united weapons whether
The devil's in the details. The key deadline for Iraq is Dec. 8, when it will have to come clean about what they have by means of weapons of mass destruction. It remains to be seen whether the United States and the U.N. are satisfied with those explanations.