Mike Lenhoff
Mike Lenhoff
background continue contribute features hopefully throughout
This is a set of background features that will hopefully continue to contribute throughout 2006.
coming earnings market moved
Pretty much everyone has been overwhelmed by the way in which the market has steadfastly moved higher. But valuations are still satisfactory because the earnings are coming through.
looks market somewhere wants year
The market is up and wants to go higher. It looks as if we'll get to somewhere between 5,600 and 5,700 by year end.
ahead cap fed less likely market moved progress rates
The market has moved ahead and made progress, and that's with rates rising. The Fed is likely to cap rates at 5 or 5.25. Rates will be less of an issue.
banking earnings fact factors higher interest last major market moment pushed rates stop year
The market is really banking on the fact that all the factors that pushed it up last year are going to do so this year. The only thing that will stop it are higher interest rates and earnings disappointments -- at the moment it does not look like you are going to get any major earnings disappointments.
earnings global growth outlook people share view
The global outlook is OK, so that suggests that the earnings (growth) will still be there, and as long as they are, people take the view that the wherewithal for dividend growth and share buybacks will be there.
earnings exactly general indication looking markets outlook people picture positive proving
The earnings picture in general is proving to be a lot better than people expected. The outlook for earnings is still very positive so these markets are doing exactly as you'd expect. There's no indication yet they're looking tired.
drive equity helping markets
The combination is helping to underpin equity markets and should drive them higher.