Douglas Altabef ( 10 of 10 )
Below the current, the economy has been improving far more than the market reality would indicate. And all things considered, read more
Below the current, the economy has been improving far more than the market reality would indicate. And all things considered, the market is really behaving quite well today [Thursday]. But there's still tremendous anxiety; the market is held hostage to individual corporate news and accountability.
The forecasts for the second-half of the year for the most part seem to support a recovery, but to some read more
The forecasts for the second-half of the year for the most part seem to support a recovery, but to some extent, that's already priced into the market, so you're not seeing that much stock reaction. There's not a lot of conviction and some people will take profits. But I think there will continue to be a moderately upwards bias for the remainder of the year.
The market is in a wait-and-see mode. It's waiting for confirmation of an economic recovery, some kind of resolution on read more
The market is in a wait-and-see mode. It's waiting for confirmation of an economic recovery, some kind of resolution on Iraq and on what the Federal Reserve is going to do in its meeting this month.
Earnings have been good, but what you're starting to see is a return to the attitude about earnings that we read more
Earnings have been good, but what you're starting to see is a return to the attitude about earnings that we saw in the late 1990's, where you're seeing more talk about whisper numbers, higher expectations, and a more punitive reaction to numbers that disappoint.
What companies report now is less influential than what they say about future quarters.
What companies report now is less influential than what they say about future quarters.
Clearly you're seeing conflicting signs about the economy and the market reacting to that.
Clearly you're seeing conflicting signs about the economy and the market reacting to that.
You'll see markets continue to do the Cha-Cha, moving higher, but paced by brief retrenchments. It's not going to be read more
You'll see markets continue to do the Cha-Cha, moving higher, but paced by brief retrenchments. It's not going to be as good as last year, but I think 2004 will still be a good year for the stock markets.
Profit news continues to be good, and we are seeing some relief from the profit taking of the last few read more
Profit news continues to be good, and we are seeing some relief from the profit taking of the last few weeks. But there is an ongoing tug-of-war between 'we've come too far too fast,' and 'the economic recovery is strong' and you're seeing that played out on a day-to-day basis.
We think one of the more exciting opportunities this year in the market are in the tech sector.
We think one of the more exciting opportunities this year in the market are in the tech sector.
On any given day, the market is taking its cue from forecasts and results. Juniper was negative, so that's spilling read more
On any given day, the market is taking its cue from forecasts and results. Juniper was negative, so that's spilling through the Nasdaq. I think, overall, though, the trend through the rest of the year and into early next year will be more positive.
