Charles Blood
Charles Blood
bull correction ongoing rather within
I think this is another correction within an ongoing bull market, rather than something more substantial.
blue bullish case catch chips correction highs last later market month particular rest
The particular bullish case for the blue chips here is that they've really had a correction over the last month or so, ... I look for the blue chips to catch up with the rest of the market and make new highs later this month.
correction expect market overall percent ultimately
We ultimately expect the overall market to be down...and end up with a correction that totals 10 to 15 percent from the peak.
basically blue chip highs middle
I think we're going at least up to the old highs by the middle of September. I think this is still basically a big-cap, blue chip market.
caught sort trap
We're caught in a sort of psychological trap here and sometimes to get out you've got to go down first.
lack week
I think they probably should have canceled this week for lack of interest.
direction investors
I think investors should be back in the market. The direction is up from here.
earnings
It doesn't matter. Earnings could be doing anything.
key market past period realize straight worst
We are now on are way back to new highs, ... The key thing to realize is we're past the worst. The market is not going to go up in a straight line, but the worst period is over.
clear nice
We are pretty clear into a nice correction,
pessimism seem vulnerable
There doesn't seem to be the overwhelming pessimism that you typically see at a bottom. I think the market's vulnerable on the downside.
economy economy-and-economics interested markets policy rate
Historically, markets are much more interested in things like how the economy is doing and what interest rate policy is than who is in power.
bit decent earnings economic higher interest pressure putting rates rising
We have decent economic growth, but the Fed's tightening, ... Earnings should be good, but rising interest rates are putting a little bit of pressure on valuation. All that nets out to a higher market, but not every day and every week.
core holding market
But the market is not cheap, ... So if you're playing, what should you be playing? GE, I think, is a core holding in anybody's portfolio.