Art Hogan
Art Hogan
environment interest
We are in an environment with friendlier interest rates,
bad realizing spending
TI wasn't as bad as predicted. We priced in the worst-case scenario, and it wasn't the worst. We're realizing that, yeah, spending on IT (information technology) is slowing, but it's not stopping.
came data economic factory fixed focus market orders position positive today tomorrow
Today we had some positive economic data and we came into the market oversold, ... I don't think we've fixed the oversold position -- I think we're still cheap. Tomorrow there will be some focus on factory orders and Cisco earnings.
changes clearly game good news plan stocks
We didn't see any changes in his game plan and that is clearly good news for stocks at this juncture.
decision good light
The decision being expedited is good news, ... There's light at the end of the tunnel.
catalyst continue crossed economy fingers keeping key people signs
We're keeping our fingers crossed that we'll continue to see signs of (economic) stabilization, ... The economy is key and will be the catalyst to get people off the sidelines.
business companies earnings half healthy moving reporting second terms
We're not getting a lot of companies that are doing cartwheels about the second half in terms of IT demand. In terms of where we stand, getting out of the second-quarter earnings reporting season, moving on with business as usual, is probably going to be a healthy thing.
coming expense flood hottest money technology
We still have a flood of money coming into technology at the expense of these old-economy stocks. If you look at the sectors that make up the Nasdaq they are sectors that are the hottest in our economy.
bought focus folks low money news rumor selling shift starting victory
We bought on the rumor and are selling on the news, ... We've priced in the victory here. There's very low participation -- there's just no money in the game. Folks are starting to shift focus now.
boost buy investors stocks tech wireless worried
We're getting an oversold bounce. Telecoms are getting a boost because of the AT&T Wireless (news), ... Investors are going to buy those tech stocks that we're not necessarily worried about.
bad dreadful good investor news point psyche
We're in that dreadful point in investor psyche where bad news is bad news and good news is bad news,
best change data economic finished host next plays spent week work worrying yields
We spent the week worrying about yields and what the economic data would do. We managed to work our way through it. We finished off the week the best we could. Next week we have a host of economic data that may or may not change our mind. We'll see how it plays out.
corporate hear hopefully negative positive terms
We're still in the pre-reporting season, so, we'll hear more warnings from corporate America, hopefully more positive than negative in terms of guidance.
admit companies half lingering second starting
We're starting to see that companies are starting to admit that the second half is going to be slow, so that's a lingering fear,