Michael Holland
Michael Holland
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.
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.
coming corporate current dismal earnings economy economy-and-economics key looking market prices profits reactions rest until
The economy and corporate profits looking pretty dismal right now may well be factored into current prices but we won't know that until we get the rest of the earnings reactions, ... The reactions will be key to how the market will look in the coming weeks.
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.
bad good guys
The bad guys lost, the good guys won.
clearly move necessary reactive
This is clearly a defensive, reactive move by Nasdaq, but a necessary one,
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.
anyone earnings few great next weeks
It was a precursor to a great earnings season. I think the next few weeks are going to be better than anyone expects.
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.
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.
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.
alan believe five followed fulfill hike history increases less objectives possibly unsettling
Alan Greenspan's history is being a gradualist. Having done five quarter-point increases in less than a year, another quarter-point would fulfill one of his objectives of not unsettling the markets. That's why I believe there will be a quarter-point hike in May, possibly followed by another in June.
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.