Charles Crane
Charles Crane
Charles Spencer Cranewas a businessman and politician in Hawaii...
enthusiasm expensive gloss good growth market overall seems supported technology value
The growth end seems expensive and the value end doesn't look good either. The overall market has been well supported by enthusiasm for technology but the gloss has been tarnished on the whole technology juggernaut.
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I think the advice to any investor is try to block out as much macro noise as you can but resist the temptation to think this is a market bottom -- it's a lottery ticket.
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If the Fed is on the warpath with an eye to slowing the economy and trying to blunt inflation before it becomes a problem, by slowing the economy the Fed is hoping to address any imbalances between supply and demand, specifically for labor. It feels to me like the market is starting to look beyond the impact of the Fed and setting ourselves up for a second half where the wrestling match will not be between interest rates and valuations but rather between earnings and valuations.
behaved conditions downward earnings economy judged market period revised revision steadily worse
The market behaved worse than most anticipated going into this period because the conditions of the economy were worse than any of us judged it to be. Earnings were revised down steadily and that kind of downward revision was not tolerated well.
bias book couple looking market news next period point positive quieter sort summer suspect technology time
I think we could re-write the book a little bit. The other sort of traditional way of looking at the market is that you get a summer rally. And I suspect that we will get a positive bias to this market at some point in time over the next couple of months. However, I do think that you're probably in that quieter period for news and developments in the technology sector.
broader bull doubt high market positive rose strong yesterday
If there's any doubt about this bull market's stamina, yesterday should have quieted some of those doubts. There was no news, positive or negative, in the marketplace. And yet the Dow rose to an all-time high and the broader market was strong as well.
east explosion market middle news sort
News of some sort of explosion over in the Middle East was conveniently coincidental with the market downturn, so I've got to think that had something to do with it.
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The market is looking beyond the event to the future and is anticipating that the Fed has done enough to achieve its goals and we will enjoy a soft landing.
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Even in an overvalued market, you'll still be able to find good stocks to buy. The market still looks okay.
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The sooner we can line up company A against company B and have some modicum of evidence the books have been prepared in a similar fashion, the better off the market is going to be. Even if the bottom line ends up looking mighty lean.
busy consider critical extremely good market next react week
The market is extremely high-strung right now and it's going to react excessively to any news, good or bad. Next week is what I consider to be one of the market's critical weeks. It's going to be a busy week.
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My broad advice is to concentrate on individual issues as opposed to trying to predict where the market is going. Making market calls is of very little value whatsoever.
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I haven't heard any compelling stories to say that this is anything more than bargain hunting. We're in a period of time where investors are going to be concerned about second-quarter earnings, so I wouldn't extrapolate too much from this.
consensus consistent far government less scary seem statistics weaker
All of the government statistics have been far less scary than consensus expectations. (Retail sales) were weaker than anticipated and seem to be consistent with the tone.