Gary Dugan
Gary Dugan
although below challenges concern consensus corporate drive earnings fed increasing key markets numbers policy rates side slowing
There are two key challenges to the U.S. market: one is Fed policy -- and it's still our concern that the Fed will be increasing rates this side of Christmas; secondly, it's the slowing corporate earnings outlook. Although corporate earnings are still probably going to rise, I think there's a concern that numbers may come in below consensus and drive the markets down.
domestic economy growth looking move
We're looking at growth which is more balanced. We're looking for this economy to move on through domestic demand.
banking chinese good looking offering
If you're looking at the Chinese banking market, it's underdeveloped, offering good opportunities for growth.
european falls finally lead mirror stocks wall
This could finally lead to a sell-off in U.S. equities. And then European stocks would mirror falls on Wall Street.
boost catalyst further needs
It needs a further catalyst to boost the market.
couple last market months relatively
Over the last couple of months the market has done relatively well and is now pausing to consolidate the gains.
banks bit facing good margin problem results rotation sector seen tech wake wreck
There's still a bit of a tech wreck going on in the wake of the Nasdaq weakness. The other problem is that we haven't had good sector rotation and we've seen a bit of a sell-off in the banks. The results for the banks have not been too good - they are facing margin pressures.
activity
We'll see an acceleration of M&A activity in 1999.
bid level people taking
This thing has been bid down and down. But I think on fundamentals now, taking a two to three-year view, people have got more comfortable with the level that we're paying.
ahead following investors lead nervous people positive today
Today I think there will be a set back (in the U.S. markets) following the lead of Europe. Investors are nervous ahead of Sept. 11 -- people just don't want to take positive positions.