Michael Holland
Michael Holland
al continue greater importance led starting stronger understand
Managements in the U.S. have led the way and now we see are starting to see it around the world, BP et al are starting to show that they understand the importance of getting leaner and stronger and better, ... And we continue to have greater and greater productivity.
becomes bit confidence extremely irrelevant last less market people point several smaller truly
Each 1,000 point market becomes less important because the percentages get smaller and smaller, so they have become truly irrelevant in some measure, ... But (10,000) is extremely important because a lot of people who have had a little bit of shaken confidence over the last several years (are probably going to) come in here.
closer couple last looked market time weeks
Every time in the last couple of weeks that this has looked closer to a resolution, the market has done better.
decrease global interest rates
We have a global decrease in interest rates and a global decrease in inflation.
stocks
Merrill Lynch could go down some more, but I like stocks like that. I like Merck, but they got pounded on Friday,
digest recent
I think here for a while we will probably digest the recent gains,
bad good recession shallow shape weather
I don't think we're in bad shape. I think we're in a recession. I think we're in very good shape to weather this recession and make it a short, shallow one.
companies confidence growing ibm plans recently shown
IBM is benefiting from a growing tailwind. The confidence shown recently by companies in their IT plans augurs well.
bull despite lots nasty stealth stories
There are lots of nasty stories but despite that we've had a stealth bull market.
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.
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.
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.