Charles Blood
Charles Blood
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.
bit bottom downside follow friday good last looks sort
A really good bottom looks a little bit like it did last Friday and Monday, but then has follow through, it doesn't just sort of sputter out. I'm a little bit concerned, in the short-run, that there's downside risk.
fantastic last perverse sort
In fact, if you wanted to be sort of perverse about it, the last thing I'd want to see would be fantastic earnings.
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.
lack week
I think they probably should have canceled this week for lack of interest.
bull correction ongoing rather within
I think this is another correction within an ongoing bull market, rather than something more substantial.
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.
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.
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.
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.