Michael Holland
Michael Holland
digest recent
I think here for a while we will probably digest the recent gains,
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.
news respect stocks worst
I think what stocks are reflecting, especially with respect to the Nasdaq, is they've incorporated the worst news.
clear danger present
I think it's not a clear and present danger,
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.
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.
decrease global interest rates
We have a global decrease in interest rates and a global decrease in inflation.
al continue greater importance led starting stronger understand
Managements in the U.S. have led the way and now we see are starting to see it around the world, BP et al are starting to show that they understand the importance of getting leaner and stronger and better, ... And we continue to have greater and greater productivity.
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.