Al Goldman
Al Goldman
although chance cut dramatic fed january move surprise today
It was a surprise although we thought it was a 50-50 chance the Fed would cut before the January meeting. The Fed made a dramatic move today and it was needed. The Fed is now our friend.
cyclical profit stocks taking technology
You are getting some long-overdue profit taking in the technology sector, and the cyclical stocks are having their day in the sun.
employment paid respects today
We paid our respects today to the employment figures.
correction early economy economy-and-economics four inflation market message pressure strong tank today
We've had a strong economy for four years now and no inflation, so I don't see inflation as a problem, ... The market went into the tank early today because the message was our correction just wasn't over yet and then, of course, pressure from the techs.
turnaround
We do have preconditions in place for that turnaround in sentiment.
age-and-aging bull defensive economies growth markets putting start stocks
When bull markets and economies start putting on some age, the bigger-name defensive growth stocks get more attention.
chasing driven few market momentum money
We are in a market that is momentum driven with money chasing a few stocks, particularly Internets and high-techs.
slide washington
Uncertainty in Washington has greased the slide downward.
head kid possessed whose
The possessed kid in 'The Exorcist,' whose head spins around.
bee queen rotten throw tomatoes
When you throw rotten tomatoes at a queen bee like Cisco, it splashes over on everyone else.
reaction sharp slowing
What has been going on is a very sharp reaction to a slowing economy.
came close fed hikes rate saying
What they like is that the Fed came close to saying that the rate hikes are over.
country good likes sam stands street uncle wall war
Wall Street likes it when Uncle Sam stands tall. Wall Street likes a little war when we're in the right. It makes us feel good about our country and ourselves.
appears bond concern excuse fed financial hike increased investment nervous predicting rates three
We have a very nervous investment environment. The excuse is bond rates are up and there is increased concern about the financial futures market, which appears to be predicting three more rate hike for the Fed funds.