Michael Holland
Michael Holland
digest recent
I think here for a while we will probably digest the recent gains,
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.
levels people
I think we are down to levels were people have said enough is enough.
giving incredible last performance today together yesterday
I think that we had an incredible performance yesterday (Monday). I think today (Tuesday) is just giving up some of what we put together over the last two days.
bit expect gore president rally relief vice
I think there's a possibility that after Vice President Gore makes his comments, I would expect a little bit of a relief rally tomorrow.
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.
stocks
Merrill Lynch could go down some more, but I like stocks like that. I like Merck, but they got pounded on Friday,
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.
news respect stocks worst
I think what stocks are reflecting, especially with respect to the Nasdaq, is they've incorporated the worst news.
decrease global interest rates
We have a global decrease in interest rates and a global decrease in inflation.
clear danger present
I think it's not a clear and present danger,
clearly move necessary reactive
This is clearly a defensive, reactive move by Nasdaq, but a necessary one,
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.
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.