Michael Holland
Michael Holland
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.
becomes bit confidence extremely irrelevant last less market people point several smaller truly
Each 1,000 point market becomes less important because the percentages get smaller and smaller, so they have become truly irrelevant in some measure, ... But (10,000) is extremely important because a lot of people who have had a little bit of shaken confidence over the last several years (are probably going to) come in here.
basis built market points price
I think 50 basis points is built into the market price structure,
news respect stocks worst
I think what stocks are reflecting, especially with respect to the Nasdaq, is they've incorporated the worst news.
levels people
I think we are down to levels were people have said enough is enough.
bit expect gore president rally relief vice
I think there's a possibility that after Vice President Gore makes his comments, I would expect a little bit of a relief rally tomorrow.
decrease global interest rates
We have a global decrease in interest rates and a global decrease in inflation.
digest recent
I think here for a while we will probably digest the recent gains,
stocks
Merrill Lynch could go down some more, but I like stocks like that. I like Merck, but they got pounded on Friday,
bull despite lots nasty stealth stories
There are lots of nasty stories but despite that we've had a stealth bull market.
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.
market midst predicted reactions since sort stock strong upside
We have been and are probably in the midst of some sort of significant recession, ... The stock market predicted it ? it's already down. Since the market has already priced in the recession, we get these really strong reactions on the upside when there's a glimmer of anything positive.
close coming earnings reaction remaining terms
We're coming close to the end of earnings season. But the remaining earnings that are coming up will be important in terms of the reaction to them.
bad good recession shallow shape weather
I don't think we're in bad shape. I think we're in a recession. I think we're in very good shape to weather this recession and make it a short, shallow one.