Terence Gabriel
Terence Gabriel
falling measures psychology shift volatility
The volatility measures are falling with this snapback and there is a short-term shift in psychology -- there's a lot of bargain-hunting going on out there.
earnings flight internet panic safety slammed stocks tech
It's just eroding. It's all panic and follow-through on tech earnings fears. Biotech and Internet stocks are all getting slammed with some flight to safety into Dow stocks, but I don't see it being sustained.
concern energy far forward looking numbers october people
There's still a lot of concern about energy prices. People are already looking forward to the numbers in October which are going to be potentially far worse.
box companies demand either equipment goes market pc produce software tied
So much of the market now is tied to PC demand and all of the other companies that produce equipment that either goes into a PC, into the box or the software which makes them run.
applied bit great looks percent
So, the longer-term story looks great for Applied Materials. It just may be a bit overheated here. If we were to get about a 20 percent pullback in this stock, I think it would be very attractive.
area best both chip equipment longer looking makers market term
I do think, though, longer term the semiconductor area, both equipment makers and the chip producers, is probably the best area to be in this market looking forward.
buying market questions reason resolve
I don't see any reason for buying when there are so many questions about earnings. There's not a lot of resolve here and the market doesn't have a lot of zing to it.
forward looking market neutral stance
The market is still looking forward to discounting a neutral stance by the Fed.
gotten market matter people rotation saying stay
The market has gotten pretty oversold for the short-term but it's not a full-fledged meltdown. There's so much rotation going on with people saying they will stay in the market no matter what.
earnings election future issue prices short
The election is exaggerating the short term, but it's not the issue. The issue is the deceleration of earnings and the contraction of multiples because prices got way out of whack with what future earnings were going to be.