William Hummer
William Hummer
gave good intel oil positive preview suffocated
Intel gave us a good preview of the quarter, but oil suffocated the positive news.
exposure higher interest minimum stocks
Stocks that have minimum exposure to higher interest rates.
bringing coming corporate earnings estimates growth interest low market rates sustained until year
That's what's probably bringing the market around. Low interest rates and sustained growth will bring estimates that corporate earnings over the coming year could very well be up 8 or 9 percent. That will sustain the market for the coming months, until year-end.
anyway anywhere gains good inclined realize time
It's a good time for those who are inclined to take gains to realize them now if they're going to do it anyway -- I don't think the market's going anywhere for a while.
employment enormous funds supply
There's an enormous supply of funds awaiting employment in equities.
certainly core growth happening job oil price sharp subject variations
This is a disconnect; job growth is psychologically and practically the core of what's happening in the economy. In sharp contrast, the oil price is volatile. It's certainly not meaningless, but it's subject to so many variations that it doesn't have the same importance.
asian crisis earnings economists major sight trim
There's no end in sight as the Asian crisis will go on for years and this is having a major effect, ... It will trim earnings probably more substantially than many economists expected.
asian creating main point pressures shock throughout
The main point is that the Asian shock is creating deflationary pressures throughout many commodities as well as energy, so I think this is long-lived,
change gravitate half higher oil pessimism prices rest soft terms threat year
The first half of the year was impacted by pessimism about oil prices and the threat of a soft patch, ... But I think there's been a change in terms of expectations. I look for the S&P 500 to gravitate higher through the rest of the year.