Michael Holland
Michael Holland
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.
continue course involved people possible sometime
It's very possible it will take a completely different course than any of us expected, ... The real story is where will this thing go sometime in the future, particularly as people continue to become more and more involved in telecommuting.
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.
dust good history inclined looking market news number people sell
A number of people were looking for the good news that occurred, ... When the dust settles, people also say, history argues for the market going up. So people who may have been inclined to sell just don't.
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.
levels people
I think we are down to levels were people have said enough is enough.
against anyone bull charlie continuing fooled guy market paid people smart strength symbolic
Anyone who has leaned against this bull market has paid a price. Charlie Clough is a very smart guy who was symbolic of a lot of smart people who have been fooled by the continuing strength of this bull market.
advantage continue cycle economy economy-and-economics levels market people portion positions profit retain risk taken weakness
The economy and the profit cycle that is in a downturn will come to an end and when it does, people should continue to be invested. Take advantage of any weakness or retain positions ? overall, the market is down to levels where a portion of the risk has been taken out.
bet companies decent funds history looking name people price push stock
In companies like this, people are looking for change, ... The hedge funds come in and they're going to bet that this is something that will push the stock price up. And it's a decent bet. Icahn's name is important because of the history that he will get something done.
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,
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.