Christine Callies
Christine Callies
actual equity managers money percent rare three
There's more gamesmanship in this profit-taking than actual concern. Money managers have now had three years of 20-plus percent equity returns. They know this is rare and they are cashing in.
cash higher holding level morris near philip quite stock trading
For instance, I think conglomerates such as Philip Morris (are) a cash cow, ... The stock is doing quite nicely, holding up around near the higher end of the trading level here.
economic equity itself market positions recovery
The equity market typically positions itself for economic recovery at the approximate mid-point of recession.
bullish might people sales sector tech volumes
Sales volumes in the tech sector might be erratic... it's nothing serious, but just not as bullish as people would like,
ahead elections people position
People aren't going to take any position ahead of the elections.
beauty caps contest eventually small stocks
It really isn't a beauty contest between big-cap and small-cap stocks that the small caps eventually win,
anxieties bit corporate couple election expect fourth market minor months next ok prices profits quarter stock third turn view
The election is a minor uncertainty that the market would like to get out of the way. Over the next couple of months I do expect stock prices will be better. I think corporate profits will turn out to be OK and the market will view some of the tensions and anxieties of the third and fourth quarter as a bit of overkill.
ability cannot change debt drivers importance policy profit since
Since the ability to refinance or restructure debt is one of the incremental drivers of a profit trough, the importance of this policy change cannot be overemphasized.
background bad bear confused market people
In Nasdaq, we've been in a confused bear market for a while. The background environment, particularly in the economy, is not as bad as people think.
assumption cuts full rate tax
This is only under the assumption that the full tax rate cuts go into effect.
few inch market might months seen somewhat supported
The market is supported by somewhat better fundamentals than might have been seen a few months ago. I think the market is going to try to inch higher.
areas generally invest investors portfolio reduce volatility
These are areas that investors generally invest in when they want to reduce the portfolio betas, or the volatility of their portfolios.
bad causes cut fed good news
Bad news can be good news for equities if the bad news causes the Fed to cut aggressively.
essential prices rebound share
Most of the essential catalysts for a significant rebound in share prices are present.