Gail Dudack
Gail Dudack
highest news
The (stocks) with the highest (price-to-earnings) take that news the hardest.
bit confidence earnings growth value
I think we need to go back to 6,300 before there is a little bit more confidence about value when earnings growth is questioned.
broken trading
I think we've already broken out of the trading range. Most of 2005 was the trading range.
hard resistance
I think we are getting into the resistance levels. We are getting to the hard part.
earnings further gets pushed recovery risk
I think there is risk in the market. If there is weakening in the economy, then an earnings recovery gets pushed out further into 2002.
nice
I think it's a carryover from what has been a really nice trend.
patient youthful
We have to be patient with this recovery. It's not going to be a youthful one; it will be a slow, lumbering one.
above anywhere basically bond cannot gets happened market seem stock whenever
The stock market just cannot seem to go anywhere but down whenever the long bond gets above 7 percent, and that is basically what happened today.
brought create dollar foreign good inflation kept last magnet money question stock strong weak
The strong dollar has done two very good things for the stock market: brought in foreign money and kept inflation low. Question is, 'What is the dollar going to do from here?' It's been weak for the last month. Will it still create that magnet for foreign investors?
above economic fed few growth job jobs looks market months north recovery restraint typical
A typical economic recovery will see job growth north of 220,000 new jobs a month. And we've had very few months above that level. So, this job market looks stable, but not robust, and that is what will put restraint on the Fed in 2006.
corporate direction economy markets struggling therefore
Really what the markets have been struggling with is: What is the direction of the economy and therefore corporate profits.
period
For technology, it's still probably going to be a long period before the turnaround.
decline last negative
The negative of last Friday's decline was not the decline itself, but the complacency of the decline. There's too much complacency.
caps case continues earnings faith large quality small
The case continues to be made for small caps. I have more faith in the quality of earnings of small caps than large caps.