Jim Waggoner
Jim Waggoner
eighty goes market percent stocks
The percentages say that the day after Christmas, the market goes up. Eighty percent of the time, stocks rise.
earnings economic expected news overall september side strong typical year
It's been a more typical September than I expected. Earnings preannouncements have been disappointing, and surprisingly so, and economic news has been disappointing, and surprisingly so. I expected September to be on the strong side because the year overall has been so bad.
added takes
There's not a lot else going on, so something like Cisco takes on added importance. It's important, not so much for the numbers, but for the nuance.
bit bounce expect
One would expect a little bit of a bounce back.
actions begins bounce company defense due line next program purchase start stock turn within worst
We're not recommending purchase of it, but I do think that the worst is probably behind. I do think that there is probably a bounce due in the stock. It's Microsoft's turn at the plate, if you will. I think the actions really will start to play in their favor. I think a stock buyback program begins within the next six-to-eight weeks. I think that's one line of defense that the company has for the stock.
ourselves setting
We're setting ourselves up for some kind of rally.