Brett Gallagher
Brett Gallagher
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.
liked markets obviously
The markets obviously liked it. For a day.
becoming companies compare extremely investors slowly
I think it's extremely important for U.S. investors to get this idea. It's slowly becoming more mainstream. As the world has become more global, it's more important to get best-in-class, and the only way you'll do that is to compare companies globally.
continues middle respect war
It continues to be a tug of war with all of the uncertainty going on with respect to the Middle East,
bounce earnings estimates extent given help last markets quarters risk sold unexpected week
It is a little bounce and it's not to be unexpected given how much the markets sold off last week so I wouldn't read too much into this. Earnings are going to be very important to help set the tone, but the out quarters are still very much at risk and those estimates have not come down to the extent I think they should.
market
I think the market is just biding its time, and we're going to have these back-and-forth days.
chatter drive hear ibm market microsoft might numbers particular
I think that the IBM numbers in particular are going to be important. The chatter that I hear is that Microsoft should beat, but IBM is more mixed. So if IBM beats, that might drive the market higher.
company list
If your company comes up on the list of those that haven't signed, ... there's going to be a lot of questioning.
market seen wildest
It's the wildest market I've seen in some time,
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.
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.
buy talk
GE will probably talk up their numbers, but I don't know if I buy it.
against bet delayed general hesitate market near view
Our general view is that the market is very overbought and will go down, but that could be delayed somewhat. In the very near term, I hesitate to bet against the market when you've got this much stimulus.