Gail Dudack
Gail Dudack
april bit disturbing earnings economy good july knowing market markets month pattern peak predict quarter remind seeing seems seen sold somewhat starting watching wonder
I think that the one thing that is disturbing about the whole month of July is that you've seen the market sell-off on good earnings numbers. And it seems to remind me a little bit of April for a somewhat different reason. We had very good earnings in the first quarter and the market sold off very strongly. We're starting to see the same pattern in July. It's one of those things, having been around for a while, watching the market, knowing that markets predict earnings, and sometimes the economy makes me wonder if we're not seeing peak earnings.
nice
I think it's a carryover from what has been a really nice trend.
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.
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.
concerned confidence consumer fed impact lead market stock
I think the Fed is concerned that the stock market may impact consumer confidence and lead to a double-dip recession.
broken trading
I think we've already broken out of the trading range. Most of 2005 was the trading range.
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.