Jeffrey Saut
Jeffrey Saut
bullish time
The time to be bullish was back in October.
consensus technology
The consensus is technology is cheap, and I think that's probably true.
economy grew historic nowhere optimistic percent stocks talk
The cheerleaders talk about the economy growing, but the economy grew at 7 percent from 1966 to 1982, while stocks went nowhere because valuations were too optimistic. And they're optimistic now, by historic measurements.
assuming buy earnings recovery shaped stocks
If you think you can recklessly buy stocks you have to be assuming more than a V-shaped recovery in earnings -- you have to be assuming a hockey-stick shaped recovery.
coming deflation earnings growth guidance keeps percent recession worried year
I'm not bearish. I don't think we're going into a recession and I'm not worried about deflation ... But earnings growth should only be about 7 to 8 percent this year and guidance for earnings keeps coming down.
assumption complacent earnings economy highs interest market mending momentum oil people prices rates record rising slowing terrorist
The market is not priced for oil prices at record highs and rising interest rates and slowing earnings momentum and terrorist worries. People are pretty complacent out there. The assumption is that the economy is mending and that this will be a robust, self-sustaining recovery.
coming earnings
Earnings are coming in pretty much on target.
coming earnings option
Earnings are coming in pretty much on target. We do have an option expiration so there is a lot of noise.
among dedicated dedication investors short smarter tend
Dedicated short sellers tend to be among the smarter investors on the Street,
boring investing
I've been investing in boring things, and boring has been pretty good.
claims coming gap lows market trade
The narrowing of the trade gap and claims coming in at four-year lows has a lot to do with today's market action.
beginning market tendency toward
Typically at the beginning of the year, there is a tendency toward reinvestment dollars, which should at least give the market a hint of an upward rise.
bull bunch core environment good hold markets money secular stocks takes trade
Yet you can make good money in that environment. It just takes a different strategy; you try to hold a core bunch of stocks you think are in secular bull markets and trade at inflection points.
bouncing bull challenge december extend january lows rally top trading
The rally will extend and challenge December highs. But it's not a bull market. We're just bouncing back from January lows back to the top end of the trading range.