Michael Metz
Michael Metz
Michael Metzis a former field hockey player from Germany, who won the silver medal at the 1988 Summer Olympics in Seoul, South Korea for West Germany. Four years later, when Barcelona, Spain hosted the Summer Olympics, he was a member of the Men's National Team that captured the gold medal...
last
I think it is going to last into 1999,
blow maybe worried
I wasn't really worried about it, ... Maybe I should have been, (but) I thought it would all blow over, and didn't see it as a catastrophe.
against background bankruptcy buy component concern general happening question wages
The Delphi bankruptcy didn't help. The concern is, what are the repercussions of that for General Motors and for other automakers and the component makers. And it's all happening against background where real wages are not rising, so the question is, who's going to buy what American manufacturers produce?
encouraged fear inflation investors
Investors were encouraged by the inflation figures. There was fear they would be considerably higher.
again fed interest raising saying
The Fed is once again saying they are not through with raising interest rates.
believe market
I more and more believe that very often the market is in a world of its own.
cause couples major
Couples have unreasonable expectations. And unreasonable expectations are a major cause of problems.
anecdotal equity evidence final good individual initially investors looking market sign stages suggest towards
There's anecdotal evidence that individual investors are looking more towards the equity market than real estate. It's a good sign initially that there's new demand, but it could suggest we're at the final stages of the advance.
data earnings economic rally reason stocks supportive
Economic data has been supportive and earnings have been strong, so there's no reason why we can't see a rally in stocks between now and the end of the year.
assumed departed levels market perfect
Everyone has assumed it's going to be a perfect scenario, ... The market has departed from most traditional levels of valuation.
almost data economy fed great inevitable market momentum people pushing rates seems suggest
It's been an accumulation of data that suggest the economy has great momentum here, more than people had expected. It seems almost inevitable that the fed will have to move, but even if it doesn't, the market is pushing up long rates in any case.
correction talking
This is the correction I've been talking about.
badly crude drop expect hit hurts number oil traders
Oil is getting hit here and that also hurts the oil stocks. That is disenchanting a number of short-term traders who didn't expect to get hit that badly by a drop in crude prices.
capital consumer cyclical gains good helping hope parts response spending takes tech vigorous
The market's gains really are a response to the good fundamentals we've seen, like the jobless claims. It's really helping tech because that is one of the most cyclical parts of the economy. There is also hope that capital spending will be vigorous even if the consumer takes a break.