Alan Skrainka
Alan Skrainka
announced business grocery higher last merger quite since stable stock truly value wonderful work year
Albertson's is truly a value stock, the third-largest grocery chain, with a very stable predictable business with 29 years of higher earnings. The stock was really clobbered since they announced a merger last year that didn't quite work out. But it's still a wonderful company, at 10 times earnings.
economy facing temporary
This economy is facing a temporary setback. What it's going to take is time.
catalyst microsoft tech
Clearly, Microsoft is the catalyst for today's tech sell-off.
focus individual investors noise numbers separate week
Individual investors have to separate the statistical noise of week to week numbers and focus on the big picture.
costs hopeful inflation labor series serious strong unit
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.
concerned investors prospects selling
Investors are very concerned about the short-term prospects for the economy, and that's why they are selling stocks.
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.
add advantage blue friday good investors took values
Investors took advantage of the sell-off Friday to add to their portfolio. There are some good values with the blue chips.
conviction lack
I don't think we can read anything at all into it. It's a lack of conviction and a lot of fence-sitting.
alan majority work
I do think the majority of Alan Greenspan's work is done.
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.
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.
bond broader fed investors market pushed raise talking weak
The bond market was so weak all day that it pushed the broader market lower. Investors weren't talking about if the Fed will raise rates, but how much.
ibm looks market unchanged
Take IBM out and the market looks pretty much unchanged on the day.