Gary Dugan
Gary Dugan
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.
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.
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.
balance european forecasts performance profit quarter
By the end of the first quarter you will have had upgrades to profit forecasts, upgrades to GDP forecasts and upgrades to peoples expectations for the performance of European equities into the balance of the year.
companies feels splitting stands taken
Anything that stands still feels like it is going to get taken over. It's interesting how these companies are splitting out.
easy environment mistakes
It's easy to look back and say mistakes were made, but it was a very competitive environment.
certainly consistent excited picture prices share
The Vodafone picture is disappointing, but consistent with the industry. We've certainly not been excited about the sector. Consistent disappointments -- that's when share prices suffer.
buying provide rather reasons resolve seen sell situations
These situations often provide buying opportunities, rather than reasons to sell stocks. We've seen all this before. They argue, and then they resolve things.
closely linked markets street trading wall
London's trading is probably more closely linked to that of Wall Street than the other markets in Europe.
consistent picture
The Vodafone picture is disappointing, but consistent with the industry.
higher markets might move numbers scene wants
I think everyone wants the markets to move higher -- there might be something of a rebound. But the scene will be set by the ISM. If that's weak, as our manufacturing numbers were in Europe, I think the market will be going down again.
demand domestic good improvement return signs starting
Domestic demand is starting to see signs of good improvement. We will still get a good return from Japan.