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.
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.
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.
brief continue good last markets moving stock year
You'll see markets continue to do the Cha-Cha, moving higher, but paced by brief retrenchments. It's not going to be as good as last year, but I think 2004 will still be a good year for the stock markets.
exciting market tech year
We think one of the more exciting opportunities this year in the market are in the tech sector.
events friday market pricing reaction reality terrible
You had a terrible day Friday with the market pricing in the reality of these events and you have a continuation of that reaction now. There are no surprises. It's pretty much across-the-board negativity.
clearly economy employment fed influenced next potential reflection report surprise
The potential is that there could have been a surprise that could have influenced the Fed next Tuesday, and clearly that hasn't happened. But employment is a lagging indicator. So the report is not a reflection of where the economy is going, but where it's been.
given investors people prospect rally reality telling three today
Three years ago people actually thought that the Dow could go to 36,000 and it did the opposite. It's when people have really given up on the prospect of a real rally that you see a real rally, but try telling that to most investors now. Three years ago there was no reality dose, today there's no perspective.
action data disconnect discussion economic intense late looking market maybe negativity rest worked year
We're looking at the first day of the rest of the year and it's looking like more of the same. On an up note, there is more discussion that maybe we have worked through some of the intense negativity of late and that the disconnect between the economic data and market action may end soon.
anyone conviction expected great last market reality seeing tone week
We're seeing the reality of a market that does not have any great conviction. Anyone who expected a linear, 'We're off to the races' kind of tone after last week was mistaken.