Al Goldman
Al Goldman
hitting jobs report
This jobs report is what's hitting the market.
market pause
The market is going to take a pause to refresh,
federal increase interest rates report reserve sign
The report was a sign that the Federal Reserve may not need to increase interest rates as high.
doom gloom grim high horribly level low market
It's been horribly grim this week. There's a high level of gloom and doom in the market and a low level of optimism.
business control fed reason
And the Fed is in business for one reason only, and that is to try and control inflation.
blanket palm provided wet
A wet blanket was provided by the Palm offering.
bear bull dead mood
It's not going to be a one-way trip. But the bear is dead and we're transitioning from a bear mood to a bull mood.
bear disbelief dog extended ghost good hand ignoring job market mistreated signs trust
The market has done a good job of ignoring signs we have bottomed. That's more a ghost of the bear market than any disbelief in the numbers. A dog that's mistreated doesn't trust a hand extended in kindness. This will change.
bear disbelief dog extended ghost good hand ignoring job market mistreated signs trust
The market has done a good job of ignoring signs we have bottomed, ... That's more a ghost of the bear market than any disbelief in the numbers. A dog that's mistreated doesn't trust a hand extended in kindness. This will change.
numbers
The numbers are very significant for the markets,
companies hit might prices rebound sharp since stock
Drug companies are being hit by the Merck trial. But since their valuations are still cheap, we might see a sharp rebound in their stock prices soon.
both buying notorious opportunity rather sector sooner
The sector is notorious for over-reacting - both up and down - and now we are getting a little realistic. But I think the buying opportunity is going to be sooner rather than later.
days dog excuse giving market nervous
(Intel) is down but not out. We have a very nervous market and it's the dog days of summer, ... We are short-term overbought so we're giving some of it back with the excuse being Intel.
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.