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.
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,
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.
benign data fed hurricane market prior quite showing sure
CPI data was benign but the data was prior to Hurricane Katrina, ... Still, no one is quite sure about what the Fed is going to do going ahead. So the market is not showing much conviction.
capital clip companies earnings grow irrational market percent placing rational rewarded unit
The market is being very rational where it's placing capital and the companies that can grow their unit volume, get revenues and earnings going at a 30 to 40 percent clip are being rewarded accordingly, ... I see nothing irrational about 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,
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,
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.
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.
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.
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.