Marshall Acuff
Marshall Acuff
environment interest low market slow
This market is on a roll. As long as we have an environment of slow growth, low inflation, low interest rates, the market's going to go higher.
episodes market run seemed straight sure week
I'm not sure that we're going to see the market run straight up as it seemed to be doing in the first quarter. There are going to be episodes when we feel better, as we do today, and there are going to be episodes like this whole week ago, when we feel uneasy.
caps folks larger maybe mid money pushing towards valuing
More and more folks are pushing money towards the larger caps, maybe the mid caps as well, but they're valuing liquidity much more highly.
investors run stocks strategy technology work
Investors shouldn't run away from the techs. The long-term fundamentals for technology stocks are super. So the strategy is to work into the area.
catalyst clearly feeds today
Clearly today the catalyst was the better-than-expected productivity report. All that feeds into the techs.
bullish early finding growth people year
All those people who were waxing so bullish early in the year are now finding out the reality, that growth is slowing.
correction feels looking people recent situation
It feels uncomfortable. It is uneasy. We're not used to this situation in the market. But, after all, this is the much-awaited correction that many people have been looking for in recent years.
definition forget issue sleep technology
The issue with technology is, it's -- by definition -- change. You can't just go to sleep and say I'm going to forget it for 20 years.
hit next percent recession
I think there is a 40 percent possibility that we will hit a recession next year.
issues major resolution year
I think this could go on for another year or more. There is no short-term resolution of the major issues in sight.
asia basically beginning earnings growth hearing quite reality relief sink tired year
Now reality is beginning to sink in -- that Asia is basically a long-term workout. I really don't see much relief from Asia for quite a while. I think we'll get tired of hearing about Asia before the year is over, but it's really earnings that's key. It's growth that's really the issue.
continues leadership market nervous somewhat stocks uncertain underlying
The market continues to be uncertain about the underlying leadership after many years of being used to the big-cap stocks leading. We're also somewhat nervous about the earnings.
market wants
The market wants to go up, but there just isn't enough 'oomph' there.
continues credit critical expect fed key mean picture profit
I expect the key is the Fed continues to tighten credit as we go forward. What this is going to mean for the profit picture is more critical for stocks.