Brett Gallagher
Brett Gallagher
claims clear difficult employment jobs link missing moving point recovery stock takes talked time weekly whatever
Everyone has talked about employment being the missing link in the recovery, but as the weekly jobless claims have made clear for some time, employment is moving in the right direction, it's just moving very slowly. At whatever point a substantial recovery in jobs really takes hold, that's probably going to be a difficult time for the stock market.
confidence corporate earnings heal market street time wall
This is a market that has no confidence. Corporate confidence is shot, confidence in earnings is shot, and confidence in Wall Street analysts is gone. Only time is going to heal that.
consumer future gains increasing laying leg longer negative people rate savings
In our view, we're going to have another down leg here because of the consumer. If you keep laying people off, that doesn't bode well for future consumer purchases. We have a negative savings rate and we no longer have the gains from the portfolios which were increasing wealth.
market seen wildest
It's the wildest market I've seen in some time,
companies decade demand headed investment might otherwise past picking pulling sucking supply tech united united-states
There's been very little investment in infrastructure at these companies over the past decade -- tech was sucking up all the capital, ... Demand is picking up and you have this big, new demand from China, which is pulling away supply that might otherwise have headed to the United States.
accounting allowed data early economic issues market markets recover shows somewhat
The undertone to the market is still somewhat positive. The economic data shows that we have bottomed. It's what allowed markets to recover in early January. But the accounting issues are here to stay.
based beginning bets economy focus gone gotten higher individual investors iraq issues latest market playing reason return since underlying war worse year
I don't think individual investors should be playing this market right now, making bets based on the latest Iraq news. Once the war ends, we've got underlying fundamental issues that will return to focus. The war is not the reason the economy is having trouble. Fundamentals have gotten worse since the beginning of the year and yet the market has gone higher because of the focus on Iraq.
giving names negative quality shaking
These are all quality names in their sectors, all giving negative guidance, and I think that's shaking investors.
certainly names sink stable taken tech
It may have taken a little while for (3M and Lexmark) to sink in. Lexmark is certainly not a bellwether, but it was one of the stable names in the tech sector.
basically comments decision fed tone top
The Fed decision was basically right on top of expectations. Even the tone of their comments was balanced, as it should be. I don't think there were any surprises.
anybody asleep originally people
Anybody who was asleep through all of this is getting jolted awake. A lot of people are back to where they were when they originally started investing.
closer employee estimate intel number says truth value
Intel says it can't put a number on the value of employee options. But any estimate is closer to the truth than zero.
aggressive creative fraud king
I don't think there's any fraud there, but they're the king of creative and aggressive accounting.
bounce determined far fast investors market recently takes today
The market was down so far so fast recently that I don't think it takes much to get a bounce here. Investors were just determined today to be optimistic.