Robert Philips
Robert Philips
comments depends frame greenspan interpret reference terms
Greenspan had something for everybody, as he usually does. It depends on your frame of reference in terms of how you interpret it. I think his comments were pretty benign.
again investors leadership less money performed pulling putting shift showing technology
You have technology showing leadership again today, but I think you'll see a rotational shift by the end of the month, with investors pulling money out of sectors like tech and industrials and putting it into those that have performed less well, like pharmaceuticals.
bottom higher hit last movement seeing short stage today week
We're not seeing much movement today (Wednesday) but I think we hit a bottom last week and we've set the stage to move higher in the short term.
hike issue rate
The overriding issue is are we going to get one more rate hike or several.
hike initially march market rate stock strong until
The stock market initially got pretty spooked by the strong March payrolls number. At that time, the futures market was signaling no rate hike until November. Now, it's signaling August.
clarity economic impact lack
And there's a lack of clarity about the economic impact of Katrina.
brief finish good hiatus month
I just think this is a brief hiatus in what will be a good finish to the month and the quarter.
difficult negative news past people seems soon stock week
It's been a difficult week or two for the stock market. It seems like as soon as we get past one thing, we have another. Overall, it seems the confluence of negative news is making people jittery.
enjoyment heights maybe optimistic percent rally rise slight
This is a slight pullback from the rally we've been enjoying. But, we're very optimistic for the remainder of the year. We think it's up, up and away. Not to the heights of the 90s, but maybe a 10 percent rise from here.
advertising age dollars targeted
Advertising dollars are more targeted to the 25-44 age group.
broke call conference group left momentum people tech texas
Texas Instruments' conference call left people pretty cold. That broke the momentum of that group and has spilled over into other tech stocks.
conclusive consumer corporate evidence fix market positive problems rally stimulates stock war
I do think there will be a significant rally once the evidence is more definitive. A conclusive end to war will fix the problems we are having today. A positive end to war stimulates a stock market rally, which stimulates consumer and corporate spending. I think it's the stock market that comes first -- it's always been that way.
break clarity coming interest jobs market policies wall whether
It'll give some clarity about interest rates, whether the market can break out of this range, and will give us some indications about the presidential election. The better the jobs number, the better for Bush's re-election campaign, and for some on Wall Street, that's preferable, because they know what his policies are, and someone else coming in is more of an unknown.
iraq market resolution
The market is technically oversold, so you could see a short-term bounce, but without a resolution to the Iraq question, you're not going to see anything substantial.