Alan Skrainka
Alan Skrainka
common companies dependent finding good great looking market people price slow strong value viewed
I think people are looking for good value in the market and they're finding it in 'old economy' stocks. What these companies have in common is they're all viewed as great companies at a strong price that are not dependent on a slow economy.
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.
economy facing temporary
This economy is facing a temporary setback. What it's going to take is time.
aggressive economy gotten policy problems responses word
The word for 2001 is look for opportunities. There are problems in the economy but they have gotten aggressive responses from policy makers.
economy eventually far gap rubber snap stocks stretch wider
The valuation gap between old economy stocks and new economy stocks is getting wider and wider. To me, it's like a rubber band. You can only stretch it so far and eventually it's going to snap back.
green investors light
Long-term investors know this (rate cut) is a green light to get back into the market.
afford buying consuming home standard using
So many Americans are consuming by using their home equity. If you can't afford a standard mortgage, you probably shouldn't be buying a home.
close five next reasonably relative talking
It's (Johnson & Johnson) very reasonably priced, relative to its prospects, and while J&J may be at a yearly high, again, we think it is pretty close to its five-year low, if you are talking about the next five years.
attribute earnings environment market rising weakness
Earnings have been fantastic. Any weakness in the market you've got to attribute to (the) rising interest-rate environment.
technology
It's the same story. Technology is hot, and everything else is not.
ibm looks market unchanged
Take IBM out and the market looks pretty much unchanged on the day.
assuming bad based bets buying news people placed stocks today
I think people placed bets today based on (the data). By buying stocks today, you are assuming we won't get bad news tomorrow.
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.
concerned investors prospects selling
Investors are very concerned about the short-term prospects for the economy, and that's why they are selling stocks.