Peter Mancuso
Peter Mancuso
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.
earnings reports
We keep getting earnings reports that are horrific.
technology
We've had a startling reversal in technology stocks.
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.
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.
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.
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.
focusing people shock
The shock is gone. It's over. People are focusing on the future.
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.
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.
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.
emotions market markets
You've got a market of emotions, and I think the emotions show us that the markets want to rise.
reaction
You can't really look at values, you can't really look at fundamentals; it's all about psychological reaction today.