Douglas Altabef
Douglas Altabef
bias conviction couple economic fourth goes next nice sideways sort upside year
I think as the year goes on there is going to be more conviction about an economic recovery. I think the market's sort of sideways with an upside bias at least for the next couple of months. I think we'll have a nice fourth quarter.
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.
case expect higher january jump lower massive people percent profit run wanting year
We expect the year to end 2 to 3 percent higher or lower than where it is now. The case for it going down is a massive run of profit taking. The case for it going up is people wanting to get a jump on the January rally.
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.
cue early forecasts given market next rest taking trend year
On any given day, the market is taking its cue from forecasts and results. Juniper was negative, so that's spilling through the Nasdaq. I think, overall, though, the trend through the rest of the year and into early next year will be more positive.
exciting market tech year
We think one of the more exciting opportunities this year in the market are in the tech sector.
bias continue conviction forecasts moderately people seeing seem stock support upwards year
The forecasts for the second-half of the year for the most part seem to support a recovery, but to some extent, that's already priced into the market, so you're not seeing that much stock reaction. There's not a lot of conviction and some people will take profits. But I think there will continue to be a moderately upwards bias for the remainder of the year.
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.
attention blowing buying coming couple fair few investors last left lousy meeting nervous number paying run seen tremendous trends volatility whistle worth
I think there are a couple trends worth paying attention to. Number one is the re-emergence of financials. We've seen that already over the last few months. They've had a tremendous run but they're coming off such a lousy last year-and-a-half that I think it's fair to say that it hasn't really left the station. But there's a lot of whistle blowing going on. The other one is that investors are very nervous about any kind of whiff of disappointment of not meeting expectations, so there is tremendous short-term volatility going on, and that's a buying opportunity.
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.
among anxiety bad certainly earnings economy good individual season
It actually isn't a bad day -- it's a good day for techs. I think the most important thing is that earnings season is going pretty well. A lot of this is perception, and the economy may not be robust, but it's not sick. There's certainly a lot of anxiety out there among individual investors.
catch start
Merrill may be more of a tortoise, but they'll start to catch up.
center focus good iraq prospect recession
With Iraq off center stage, there is more good to focus on than not. The prospect of a double-dip recession will fade, I think.
closely decision fed looking matter negative opinions people reaction saying slowly statement
We were going to have a knee-jerk negative reaction to the Fed's decision no matter what, with so many different opinions on what should be done, but I think today, it may be that people are looking more closely at the statement and see it as the Fed saying things are slowly going in the right direction.