Joseph Battipaglia
Joseph Battipaglia
alongside believe companies followed leaders leaders-and-leadership provide reasonably technology
The big-cap technology leaders are doing reasonably well, ... I still believe technology companies will provide leadership. They will be followed alongside by pharmaceuticals and financials.
cuts pain producers production
I'd have to see some significant production cuts and some pain from the producers before I would even take a nibble at it.
catalyst certainly data earnings economic issues kinds levels market oil prices providing unable
Oil prices at these levels are providing all kinds of dislocation issues for stocks. Earnings and the economic data are O.K., but with oil where it is, the market is unable to make a decision, long or short, and there's certainly no real catalyst for buying.
applaud believes bond fed inflation market moves ready
The bond market still believes that the Fed is an inflation fighter, the bond market still believes that there really isn't inflation today, and they applaud the moves by the Fed to be ready for future,
challenge current good news quarter
I think the good news is that the current quarter is OK, and the challenge is going to be what comes next,
build lows momentum seen steadily stronger
I think we've seen the lows and we're steadily going to build momentum for a stronger market,
basis concern evidence leg market next quarter roll third weak
The market anticipated a very weak third quarter. There was concern this would roll over into an on-going problem. Once we have evidence that it is not and the third quarter comes in a little better than expected, that will be the basis for the next leg up,
easy good huge major quite run upside year
I don't think there's a huge upside in the major indexes after the run we've seen. But there are still good opportunities out there and through the first quarter, it just won't be quite as easy as a year ago.
clean deadline iraq key mass means remains satisfied seen states united weapons whether
The devil's in the details. The key deadline for Iraq is Dec. 8, when it will have to come clean about what they have by means of weapons of mass destruction. It remains to be seen whether the United States and the U.N. are satisfied with those explanations.
approach clearly guess leadership october sort
My guess is you're going to get back into this sort of stutter-step approach to the market. Clearly the leadership here has stalled after the run-up from the October lows.
beyond bond convinced fed higher interest market meaningful overall percent second worse
I don't see them getting much worse than 6-1/4 percent on the long end, ... The overall bond market is not completely convinced that we're going to see meaningful higher interest rates. Something is going to give here, and my sense is that the Fed is not going beyond this second cut.
cash coming companies january last lots sitting sold start
We sold off pretty heavily in January coming off last year's rally, and I don't think we'll see as much of that in 2006. This year's start could be a little more bullish, and you still have lots of companies sitting on a lot of cash that can be put to use in 2006.
action bad company difficulty few gains last looks major market news point service shocks
We have a lot of difficulty with the telecom service sector, ... It looks like the bad news is localized in that company and that sector. We're at a point where most of the major shocks have been had and the market action today, after the gains over the last few days, is very constructive.
bounce correction last modest percent six
We've had a 7.5 percent correction in the Nasdaq and something more modest in the Dow and S&P 500 over the last six weeks, so you've got a little bounce right now,