Peter Canelo
Peter Canelo
basically bear break bull market miss
You miss out in a bull market and you basically break even in a bear market.
begin break earnings fourth incredible lead middle next people sometime upside year
I think techs are not as overvalued as some people believe. I think they're going to have incredible earnings next year and I think they're going to lead an upside break out in the market, which should begin sometime in the middle of the fourth quarter.
clinton people worried
People are worried about the economy. This Clinton thing is not going to go away. It's just starting. The probability of his resignation is 50-50 now.
driver rally strength technology
Technology is the driver here. The strength will continue, and this rally will take us to new highs.
everybody excited last
Everybody is all excited about this, but the Dow is the last one to go to the party.
next profit taking
We'll probably see some profit taking going into next month.
low means technology
But even if you see a low in the technology stocks, I don't necessarily think that it necessarily means we are going back to the races.
control deflation inflation price producer
With inflation really under control and deflation at producer price levels, I don't think they'll do anything.
bet buying europe foreign good investors precisely selling talk tend understand worried
Foreign investors tend to be worried when there is talk of impeachment because they don't always understand our system. That is important because it was precisely Europe that contributed heavily to buying in the U.S. I don't know if they are selling right now necessarily, but it's a pretty good bet that they are not buying.
help high market propel
Everybody's doing well and that will help propel the market to new high ground.
bulls coming investors looking selling telling
It's just telling you that the selling has been done, and now investors are coming in looking for bargains. The bulls are back in the saddle.
anymore clearly federal march market question raise reserve whether
I think the market is clearly getting used to the idea that the Federal Reserve is going to raise rates. I don't think it's a question anymore of whether they do it in March or not. If they don't do it in March, they (will) do it in April. The real question now is how much do they do it (and) when they do it.
companies failed
I think the index has failed to keep up with the times. There are too many companies missing.
government
We still have a lot of uncertainty with Brazil, and with what the government will do or not do.