Douglas Altabef
Douglas Altabef
catch start
Merrill may be more of a tortoise, but they'll start to catch up.
acting great improvement june market resilience seeing
But I think the way the market is acting is actually healthy. You're seeing a real resilience on the part of the market. You're seeing a willingness to shrug off or contextualize not great news, which is a big improvement over June and July, when if the market was open, it was down.
figure people trying
People are trying to figure out what the real-world implications of AOL's announcement are.
attitude bad good half market news tenacious
I think the market is beset with tenacious negativity. It's a 'glass is half empty' attitude in the market, where bad news is interpreted as bad news and any good news is just OK.
indicate likely people return seem seen volume waiting
I think if you look at volume it would seem to indicate there very likely may be a return of investors. People who are more opportunistic have seen the signs. But a lot of people are waiting for clarity.
amazed few market past strong
I'm just amazed the market has been as strong as it has in the past few days.
compelling days few news reason stocks today
There's no real compelling reason for stocks to be up. But you've got little new news and there's an upward bias, so we're up today after a few days of selling.
accounting cheap loose people polyester ready shoes thread trust worried worries
These accounting worries go right to the underpinnings of trust and confidence. If trust isn't there, you're tugging at the loose thread of a cheap polyester suit. People are worried about what other shoes are getting ready to drop.
continues economic far few last news ongoing played profit recovery relief seeing taking
Profit news continues to be good, and we are seeing some relief from the profit taking of the last few weeks. But there is an ongoing tug-of-war between 'we've come too far too fast,' and 'the economic recovery is strong' and you're seeing that played out on a day-to-day basis.
bush comment deterred fact point says
The U.N. says go slow, the U.S. says the fact that Blix can't find anything is more of a comment on Blix than anything else. The point is, Bush is not going to be deterred by these findings.
aside companies due earnings improving investors quality saying willing
You're really going to need to see some bellwether companies saying the quality of earnings is improving and that it's due to growth, not cost-cutting, before investors are going to be willing to set aside the skepticism.
drag last repeat wants
I think there is a lot of nervousness that we'll have a repeat of last time. No one wants to see this drag on like it did in 2000.
advantage business focus good
O'Neal has a good sense of where the business focus should be. He's been able to take advantage of a good business environment.
mixed news question
It's a mixed picture. There's no question that the news is a lot better, but it may be priced into the market.