Hans Olsen
Hans Olsen
chose earnings focus investors report seems
The report is preliminary and it seems to be an outlier. Investors chose to focus on earnings reports.
avoid expected far few halfway hurricane monster pose recession starting storm worse
This is expected to be one of the worse hurricane seasons, and so far they're right and we're only halfway through it. All you have to do is pose the question: What if you had another monster storm in another few weeks, just as things are starting to come back on line? I don't know how you would avoid recession in that environment.
anybody game looks pass practice shotgun throws
That pass was a duck. If anybody would have had a shotgun in the area, it would have been shot. In practice (Bryant) throws bullets. He looks like Brett Favre, but then in the game ...
background beginning consumer happen housing interest rates rising seeing spending surprise
That shouldn't have been a surprise to anyone, because all the background was in place for that to happen what with rising interest rates and consumer spending where it's at, ... We may be seeing the beginning of a real slowdown in the housing market. That's a big concern.
ask durable later stand
This really is an impressively durable market, but there's so much more to come later in the week. Ask me later in the week, and we'll see where we stand then.
defensive fairly good types
Those are kind of defensive stocks, with fairly inelastic demand. In good times and bad, you're going to use those types of products.
consumer elements good interest matter pressure reality sentiment spending
In reality, it won't matter as much because other elements like spending and consumer sentiment look good and that will keep the upward pressure on interest rates.
earnings mean talk trying
Because Amex is so diversified in interacting with the consumer, if they're trying to talk down their earnings expectations, the implication is, 'What does that mean for what's going on in the economy?'
above next number people revision start talking variation
If the number is 50,000 above or below, that's a variation where you'll see a reaction. If it's below, then people will right away start talking about what the revision will be next month.
alone touch
The big guys, they won't touch that with somebody's else 10-foot pole, let alone their own.
clearly economic focused market
It's clearly not good, but the market is probably more focused on the economic front.
ammunition combined difficult economy environment fed gives interest numbers raise rates
These numbers combined with yesterday's ... gives the Fed a lot of ammunition to raise interest rates and if you have, at the same time, the economy slowing, that's just going to make a really difficult environment for stocks.
assign drag hard likely market meaning noise number obvious overlook separating trend
It's obvious that the hurricanes will drag this number down, and because of that, separating the trend from the noise is going to be hard. When it's hard to assign a meaning to this number, the market will likely just overlook it.
chances left slim successful
The chances of him being successful with that are slim to none, and slim just left town.