Joseph Battipaglia
Joseph Battipaglia
believe broader business deflation fear point positive recession sector sensitive
We're at a point where there is some rotation, but I believe it's a very positive development because you're getting broader participation on the economically sensitive sector because, the fear of recession is going away and the deflation fear is gone, ... Business Day.
crack distress enthusiasm extreme group investors pressure quickly stocks technology wax
One of the most extraordinary things about technology stocks is that they're the first ones to crack under any pressure in the marketplace. Investors wax from enthusiasm to extreme distress very quickly with that group more than any other.
context correct include market process proper small work
The market can correct here and work its way down to 7,500. But it's all in the context of proper valuations and a broadening process that will include small and mid-cap stocks.
direction economy giving information market mixed piece struggling
The market is struggling for new direction. Each new piece of information on the economy is giving mixed signals,
pc sales tie
Right now, the slowdown in PC sales I tie to the Pentium III,
october quite
This is quite different than October of 1997.
continue cut earnings estimates investors market next point several though
Investors are not put off now by the onslaught of disappointing earnings expectations. I think we're well through the inflection point where the market will continue to recover, even though earnings estimates will continue to be cut for the next several months.
dollar gold safety
I think gold is not the right place to be right now, ... The dollar and U.S. Treasuries are now the safety valves.
business consumers number side soft
Clearly, it's all about the economy. The consumers are doing their part . Now the business side has to come along, too. That's why today's soft ISM number was so disappointing.
christmas coming consumer drought election forget good group home last means might retail spending street tough wall worried year
I like the retail group as a whole because now Wall Street has soured on these companies, ... They're worried about the consumer vitality. But don't forget we have an election coming up in November. That actually stirs confidence, interestingly enough. This could be another good Christmas season. Also this summer, we may not see a drought for most of the country, which means people's spending on home and hearth might be a little better than it was last year when it was so tough outside.
dollar gold safety
I think gold is not the right place to be right now. The dollar and U.S. Treasuries are now the safety valves.
available fairly money tech
I'd say we're doing very well, all things considered, ... Clearly, there is more money available out there, when even sectors that are fairly stretched, like tech and banks, are doing well today.
adverse economy impact including materials
If China's economy does simmer down, it will have an adverse impact on the materials sector, and on commodities, including oil,
ahead payroll people reluctant
I think you have a lot of people reluctant to make commitments ahead of that payroll number,