Al Goldman
Al Goldman
anyone averages consider contend happy major markets performance stock treading water
The performance of the major stock averages didn't make anyone happy in 2005. But when you consider what the markets had to contend with, treading water is not so bad.
came claims expected fewer number
The productivity number came in better than expected and there were fewer jobless claims than forecast.
bull couple expect market months remember rock roll signs
There are some signs of fatigue. We're still in a bull market but it's important to remember that it's over 27 months old. We can't expect it to rock and roll the way it did even a couple of months ago.
above fear normal pause yesterday
We had a very big celebration yesterday but there is still a lot of fear in the market. We got above 11,000 and now we're retesting it in a very normal pause to refresh.
anticipate corporate earnings economy growing healthier inflation reduced
The economy is growing at a reduced but healthier pace. We don't anticipate any inflation problems, and corporate earnings are going up, up and away. So, yes, we're still bullish.
dramatic fed move today
The Fed made a dramatic move today and it was needed,
depressed economic either everybody good keeping price problems
On one side, we've got pretty good economic fundamentals. On the either side, we have all the problems that are keeping everybody depressed -- Iraq, Iran, the price of oil.
economic friendly numbers
This morning's economic numbers were friendly for stocks,
optimistic technical
I'm very optimistic on the long bond. The fundamentals are there and the technical underpinnings are still positive.
anxiety high investors market names nervous number raises tech
A number of the high tech names are getting smacked real good. It was already a market where investors were nervous already. With the darlings getting hit, that raises the anxiety level.
comments company estimates ibm looks momentum percent price research shares stock trend
IBM ( IBM : Research , Estimates ) is a very well-managed company, it looks to us like the shares have made a bottom, that the short-term trend is improving, that momentum is improving. And the company has had some disappointing comments to make. But that's already in the price of the stock. And the stock is down some 40-ish percent from its high, and very well managed.
builds buy looking main market message momentum money reason sidelines today
The message of the market today is that there is a lot of money on the sidelines and that money was looking for a reason to buy. And the main reason to buy is that we're going up. Momentum builds on momentum.
economy either feeling good hurt increase interest modest raised rates
My feeling is the economy is going to slow, either on its own or by the Fed. If you think interest rates are going to be raised steadily, that's not good for anybody, but a modest increase does not hurt technology.
economy market remains trend
The long-term trend for the economy and the market remains bullish.