Tobias Levkovich
Tobias Levkovich
along easy good year
While we think 2006 will be a good year for stocks, we do not necessarily think it will be an easy one, without hiccups along the way.
drummer due economic japanese marching market number
To a degree, the Japanese market has been marching to its own drummer for a number of years due to its economic difficulties.
bargaining initial proposal viewed
The President's proposal should be viewed as an initial bargaining position.
bush expect infer investors seem somewhat victory
We think most investors already seem to expect a Bush victory. Consequently, we infer that a Bush victory would be somewhat anti-climactic.
amongst beginnings bullish degrees earnings economic equity few given investors markets needed next reasonable relatively remain skepticism strong talk
We do not think that investors have given up on the equity markets and we remain bullish over the next few months, ... the beginnings of an economic tailwind, the probability of needed incremental upward earnings revisions, reasonable valuation and relatively strong degrees of skepticism amongst investors we talk to.
beginning buying
There could be a hiccup at the beginning of the year, but we would look at that as a buying opportunity.
environment everybody forces losing people playing stuff work
McManus has been right, but so what? ... You have forces at work that don't have anything to do with strategy. In an environment where everybody is losing money, this directional stuff isn't that important. People are playing a lot of defense.
distracted early looking opposed recovery senate
There are early indications of a recovery if you're looking for them as opposed to being distracted by Senate hearings.
attractive buying opportunity overall remains
Our overall 2006 bullishness remains intact, as an attractive buying opportunity is being set up.
carry people targets weight
Look at some of the targets these people had, ... They don't carry any weight anymore.
election far industry specific
Over time, specific industry fundamentals are far more important than election results.
bush companies control hanging makers price scare
If Bush wins, the price control scare hanging over managed care companies and drug makers would be lifted.
breaking point
From a technician's point of view, breaking through 1,300 was an important factor.
almost capital coming emerging follow growth higher information investment lack levels needs recognize seem sensitive spending technology within
Within the capital spending sensitive Information Technology arena, the lack of follow through to even higher levels of growth has been very disappointing to the investment community. Yet, one needs to recognize that tech spending has been coming back for almost two years now and is not only now emerging from a long slumber, as many seem to think,