Joseph Battipaglia
Joseph Battipaglia
cash coming companies january last lots sitting sold start
We sold off pretty heavily in January coming off last year's rally, and I don't think we'll see as much of that in 2006. This year's start could be a little more bullish, and you still have lots of companies sitting on a lot of cash that can be put to use in 2006.
good lower recent room start trading
It's a good start to the quarter, ... We're at the lower end of the recent trading range, so there's probably more room to gain.
data earlier economic enron investors life lock looking looks move next picture positive profits selling serious signs starting step tone toward year
The positive tone has more to do with the economic data that showed some signs of life in the economy. We've got through the Enron debacle and some selling that represented investors looking to lock in profits earlier on. Now we're starting to get a serious picture of what next year looks like, and it's probably the first serious step toward an upward move in the market.
early happen interest june market period profit rates ready reporting season start transition
We're in this transition period right now, getting ready for interest rates to start rising, which will happen June 30, and for second-quarter profit reporting season to start, which will be early July, ... Those things could get the market going again.
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.
add continue enthusiasm fuel future investors levels record run starting stocks technology
The enthusiasm investors have for stocks that have rallied us back to record levels will continue in place for the future and now that technology stocks are starting to run again, ... It's only going to add more fuel to the fire.
among bright comfort coming delivered fairly fed growing half initiative investors outlook perhaps positive second
What's going to be positive here is delivered earnings, a fairly bright outlook for the second half by corporations, and a growing comfort among investors that perhaps the tightening initiative by the Fed is coming to a close,
balance companies decent environment fairly talking
The techs on balance have put in a fairly decent performance, ... We're getting a sense that there's a bottoming going on in the semiconductors. Some of the bellwether companies like Cisco are talking about a better environment in the future.
pc sales tie
Right now, the slowdown in PC sales I tie to the Pentium III,
benign data fed hurricane market prior quite showing sure
CPI data was benign but the data was prior to Hurricane Katrina, ... Still, no one is quite sure about what the Fed is going to do going ahead. So the market is not showing much conviction.
endurance growth momentum move rates strength underlying
There's ongoing, underlying strength in the economy, and that's important because as rates move higher, the durability of growth and the endurance of the momentum is very important for investors.
action bad company difficulty few gains last looks major market news point service shocks
We have a lot of difficulty with the telecom service sector, ... It looks like the bad news is localized in that company and that sector. We're at a point where most of the major shocks have been had and the market action today, after the gains over the last few days, is very constructive.
continue fed few lower news next oil prices raise relief trading weeks
We continue to be in this trading range, at the lower end right now, ... The only catalysts that can get us out of here in the next few weeks is some relief at the pump, lower oil prices and news about how much the Fed is going to raise rates.
dollar gold safety
I think gold is not the right place to be right now. The dollar and U.S. Treasuries are now the safety valves.