Sam Stovall
Sam Stovall
above appears barrel below elevated equity foremost level market minds per price represents retreats sigh
Foremost on investors' minds is the elevated price of oil. It appears to us that the $40 per barrel level represents a 'line in the sand' above which the equity market retreats and below which the market breathes a sigh of relief.
far question stocks tech
Not all tech stocks are cheap, ... The question is how far down can the Nasdaq go.
earlier expect investors last looking month next week
That really spooked investors last month and this week they'll be looking for earlier numbers, like the PPI, to see if there isn't anything they can glean on what to expect from the next CPI report.
continue dish higher interest looking people stocks technology
Everyone is looking to dish the technology stocks on higher interest rates, but they continue to show they are not interest-rate sensitive, or at least as much as people would like.
best investment past stocks twenty vehicle
Stocks in the past twenty years have been... the best investment vehicle that's available,
book districts federal indication strength whether
The beige book should give us a better indication of where the strength is, whether it's in all the Federal (Reserve) districts or just one area.
change demand difference economy expanding expensive experience families industry less market passed rising whether
It's an industry that does not experience a change in demand whether the economy is expanding or contracting, or whether the market is rising or falling. When you die, you die. The only difference could be the families of the one who passed away, if times are tough, could opt for a less expensive funeral.
further might
We might have a little further to go on the downside,
candidate care health kerry pressure viable
The re-emergence of Kerry as a viable candidate has also put some pressure on health care stocks.
continuing economy expand sure
We are really not sure if the economy is continuing to expand or continuing to contract,
believe carrying earning group money positive recently reported shown strong third towards wireless
They recently reported earning where they'd shown that revenues were not as strong as had been anticipated; a lot of that money still comes from your traditional long-distance carrying revenues. However, we like the group longer-term because we believe that, particularly for MCI, they're gravitating more towards the cellular and wireless category, which is the third group in telecom, and that one actually is in a positive camp.
digest gains move order
You need to digest some of those gains in order to move higher.
advances goes market months price renewal setting
There's a lot more uncertainty now, ... And we've had 18 months of price advances -- that could just be setting us up for a renewal of the defensiveness the market goes through during the May-Oct. period.
begin cut died exposure far knowing note obituary percent raise reading stock
As far as the Merrill Lynch note is concerned, it's like reading an obituary that someone had died without knowing that they were still alive. Merrill cut its stock exposure to 45 percent, but why was it at 50 percent to begin with? That should raise some concerns.