Jeffrey Hirsch
Jeffrey Hirsch
bull last markets
Most bull markets don't last as long as this one has.
bias broader july lower rest tends volume
There also tends to be a broader July 4th rally, and then after that, a lot of lower volume and a flat-to-lower bias through the rest of the season.
bull correction former heels huge indicator minor seemed success
But that was just a minor correction on the heels of a huge bull market. The market's former success seemed to be more of an indicator that year,
leave
Your long-term holdings you leave alone, but your shorter-term ones you may want to move.
dealing favorable less markets period portfolio quarter
You're dealing with a seasonal period that's less favorable for markets and you're also dealing with end of quarter portfolio issues.
breaks event proverbial straw
An event like this can be the proverbial straw that breaks the market's back.
august declines definitely early likely looking lower quite steep sustained until weak
I'm not looking for quite the same steep declines this year, but early August has already been weak and we are definitely trending a lot lower for the period. You're not likely to see another sustained upturn until the end of the year.
heavy issues threaten year
I don't think these heavy issues will threaten the end of year rally, but I don't think 2005 and 2006 are going to be great.
automobile company industry remove represents sure
It's not inconceivable to remove GM. But I'm not sure if there is another automobile company that better represents the industry and the auto industry is here to stay.
tends
There tends to be a lot of housecleaning from institutions in September,
looks minor second summer typical
Not really, as we've had a pretty typical first and second quarter. It looks like we'll see the traditional minor summer rally.
bull cycle dropped ended january market next rallying starting
The market dropped dramatically after January 1982, bottomed, and ended up rallying and starting the next bull market, ... We're not at all in the same part of the cycle right now.
existing hurricane situation
I think the hurricane really just exacerbates an existing situation for the market,
auto editors gm good group highly journal leading market news represents street wall
I'm not one of the editors of the Wall Street Journal , but I want to use the Dow as a market leading indicator, and for that you want a group of highly influential stocks, even when the news is bad. GM still represents a good part of the auto industry.