Michael Holland
Michael Holland
giving incredible last performance today together yesterday
I think that we had an incredible performance yesterday (Monday). I think today (Tuesday) is just giving up some of what we put together over the last two days.
digest recent
I think here for a while we will probably digest the recent gains,
news respect stocks worst
I think what stocks are reflecting, especially with respect to the Nasdaq, is they've incorporated the worst news.
couple crummy economy economy-and-economics exhausted hand next numbers quarters stinks
I think the economy stinks and the numbers (corporate results) for the next couple of quarters are going to be lousy. You have exhausted sellers on the one hand and the crummy economy on the other, so you get a standoff,
bias both brought financial humor journalism level looked replace sides toward
He has been a financial institution. No one can replace him. He brought financial journalism to a new level with his trademarks of honesty, humor and fairness. He always looked at both sides of the issues. His only bias was toward optimism.
companies confidence growing ibm plans recently shown
IBM is benefiting from a growing tailwind. The confidence shown recently by companies in their IT plans augurs well.
earnings people point recession saying
People are saying at some point the recession will be over and earnings will come, and at some point you have to own stocks.
coming corporate current dismal earnings economy economy-and-economics key looking market prices profits reactions rest until
The economy and corporate profits looking pretty dismal right now may well be factored into current prices but we won't know that until we get the rest of the earnings reactions, ... The reactions will be key to how the market will look in the coming weeks.
continue investors signals wait
Investors continue to wait and see if there is anything that signals a bottom,
government numbers period rather somewhat weak
The government numbers are often lagging indicators rather than coincident indicators. I think there will be confirmation that we have a somewhat weak period right now.
move next october
We've come from 7,500 in October to 10,000 shortly thereafter, ... I think the next 2,000-point move is not back to 7,500 but up 2,000 points.
looking market news people reasons refused resilient
When the market refused to acquiesce (to Cisco's news), that was uncharacteristically resilient of this market, ... People are now looking for reasons why the market isn't doing more.