Peter Mancuso
Peter Mancuso
alan economy fourth given greenspan maybe reserve starting third
I think the stimulation that (Federal Reserve Chairman) Alan Greenspan has given to the economy is starting to take hold. It's going to take us a little while, by the third quarter, maybe even into the fourth quarter, we may see things do better.
earnings increase looking maybe quarters start three
I think you're looking out two quarters, maybe even three quarters before you start to see a substantive increase in earnings for some of these companies. That, to me, is in a nutshell what's going on in the markets.
focusing people shock
The shock is gone. It's over. People are focusing on the future.
competing cross currents gonna range trading volatile
We've got so many cross currents competing right now, and we're in this trading range. And I think we're gonna have this volatile trading range for a while.
almost light moves opportunity upside
If we have had (a recession) or are almost out of a recession, you can see this light at the end of the tunnel. The opportunity for moves on the upside are pretty high.
earnings reports
We keep getting earnings reports that are horrific.
technology
We've had a startling reversal in technology stocks.
absolutely attitude feeling few good higher highs indicative lows months moving percent skeptics week
It's been a good week and a good run. The attitude is absolutely 100 percent better than it was a few months ago. The whole feeling is different, and I think we've got enough skeptics to keep this moving along. ...The highs are higher and the lows are higher and I think that's really indicative of it.
accounting bull case earnings economic good gotten issues numbers reasonably situation
Accounting and other issues are still overriding the market. There have been some reasonably good economic numbers but the earnings situation hasn't gotten as good as it could. You could make a case for the bull and the bear.
brutal seen
It's a brutal market. I've been doing this for more than 30 years and I've never seen anything like this.
economic environment feeling picked shaky type
We're getting back to fundamentals. I think you're in that type of environment. There's a better feeling in the economic world, and the market's just doing well. We started off shaky and just picked up by the close.
aggressive buying good longer market
The more you have the aggressive kind of buying you had today, the longer this kind of good market can continue.
continue major mean next six three
You've had a major turn. I think the market's better, I think it's going to continue getting better, but that doesn't mean you're not going to see some pullbacks over the next three to six months.
alan greenspan market people quarter recovery reserve third today
I think things went comparatively well today (Friday). The market has said and (Federal Reserve Chairman) Alan Greenspan has said that the recovery is another quarter away, that it's going to be the third quarter, not the second, which is what people had been thinking.