Alan Skrainka
Alan Skrainka
continues economy market reports rest struggle
The rest of the market continues to struggle with reports that continue to show the economy is too strong.
event major next sector technology
The next major event is Microsoft's response, but I don't think that's significant. It's significant but not to the technology sector as a whole.
accounting market period transition
The market is nervous. We're in a transition period as we get through all the accounting issues.
fed prepare
The Fed often overshoots and I think you have to prepare for that outcome.
drop great history largest last potential six stock year
Over the last six years, we have experienced the largest drop in price/earnings ratios in the history of the U.S. stock market, going back to 1871. 2006 has the potential to be a great year for stock investors.
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Small business owners have a great stake not only in what's going on in the stock market, but what's happening in the overall economy as a result.
august fed hike inflation leave people rates risks saying toward waiting
People are waiting for the Fed. I think the Fed will leave rates alone, probably say that the risks are tilted toward inflation and people are also saying they'll come back in August and hike again.
catalyst holiday people weekend
I don't see people making big commitments. It's a holiday weekend and there's just no catalyst to get things going.
focused interest investors measures rates return seeing value
You're seeing a return to traditional measures of value as investors become more focused on things like (price-to-earnings ratios), interest rates and earnings.
anymore argument assumes companies economy food gamble heard naked sitting surfing versus
It's just the nuttiest argument that I've ever heard -- this whole idea of old economy versus new economy assumes that we're all going to be sitting around in the dark, naked and hungry, surfing on the Internet. The idea that you don't need food companies or companies like Procter & Gamble anymore is just nuts.
confusing data determine far few half hike next percentage point quarter raise signs slowing whether
The signs of slowing are few and far between. I think it's really the data between now and (the next meeting) that will determine whether it will be a quarter percentage or half percentage point hike but I think it would be confusing not to raise (rates).
concern economy far faster grew hard hikes interest maybe might people rate thinking
Maybe it's concern that the economy may have more of a hard landing. The economy grew a little faster than expected, so people might be thinking we're not done as far as interest rate hikes are concerned.
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I'm hopeful that we're nearing the end of this series of tightening. I don't think we have a serious inflation problem. With strong productivity, unit labor costs are under control.
central fact focusing four greenspan increased investors needs rates saying slow work
Investors are focusing on Greenspan and the fact that he said they (the central bank) had increased rates four times and it did little to slow the economy. He is saying more work needs to be done.