Michael Holland
Michael Holland
continue investors signals wait
Investors continue to wait and see if there is anything that signals a bottom,
move next october
We've come from 7,500 in October to 10,000 shortly thereafter, ... I think the next 2,000-point move is not back to 7,500 but up 2,000 points.
asset both management owning positions reasonable
Both owning asset management and not owning asset management are reasonable positions to take.
government numbers period rather somewhat weak
The government numbers are often lagging indicators rather than coincident indicators. I think there will be confirmation that we have a somewhat weak period right now.
market midst predicted reactions since sort stock strong upside
We have been and are probably in the midst of some sort of significant recession, ... The stock market predicted it ? it's already down. Since the market has already priced in the recession, we get these really strong reactions on the upside when there's a glimmer of anything positive.
fisher george great happened joined problem
When Mr. Fisher joined Eastman Kodak, I was a shareholder with great anticipation that he would take a technological problem and make it into a technological opportunity, ... Lou Gerstner did that at IBM. I thought there was a possibility, actually a probability, that we'd get that out of George Fisher. Unfortunately it hasn't happened yet.
bull despite lots nasty stealth stories
There are lots of nasty stories but despite that we've had a stealth bull market.
close coming earnings reaction remaining terms
We're coming close to the end of earnings season. But the remaining earnings that are coming up will be important in terms of the reaction to them.
looking market news people reasons refused resilient
When the market refused to acquiesce (to Cisco's news), that was uncharacteristically resilient of this market, ... People are now looking for reasons why the market isn't doing more.
earnings people point recession saying
People are saying at some point the recession will be over and earnings will come, and at some point you have to own stocks.
couple crummy economy economy-and-economics exhausted hand next numbers quarters stinks
I think the economy stinks and the numbers (corporate results) for the next couple of quarters are going to be lousy. You have exhausted sellers on the one hand and the crummy economy on the other, so you get a standoff,
news respect stocks worst
I think what stocks are reflecting, especially with respect to the Nasdaq, is they've incorporated the worst news.
clear danger present
I think it's not a clear and present danger,
levels people
I think we are down to levels were people have said enough is enough.