Phil Dow
Phil Dow
balance earnings forward guidance looking market positive response subdued
If you look at the earnings so far, we've had on balance in-line or mildly positive surprises. Yet the guidance going forward had been guarded. If that continues, you're looking at a more subdued market response this week.
capture driving groups guess headed leading market maybe percent represents technology
Right now, technology represents about 24 percent of the capitalization of the S&P, ... My guess is we're headed up to maybe the 20s or maybe 30 percent. If you look back historically, leading groups can capture that much of the market and I think technology's driving the market right now.
bit doubt economic longer market mosaic pieces seeing short stock support sustained term together
Bit by bit we are seeing the pieces of the economic mosaic come together that could support a sustained stock market rally, at least in the short term ... But in the longer term, there are still significant questions, no doubt about it.
across amount fact good market tremendous
There was just a tremendous amount of concern, and the market held, ... In fact if you look at third-quarter performance, it was pretty good across the board.
ahead believes expand holding market news seems volume
I think we are in a recovery, but no one ever believes it ahead of time. To me, it's pretty encouraging to see volume expand when the market is going up. And while the news is not improving, the market seems to be holding up.
bad continue focus indicate market
If the focus on the market were to continue to go up even with bad news, that would indicate to me we're going to recover.
chase investors japan markets reason saw
It's frightening if you chase performance. One reason why investors went into Japan is that they saw the markets perked up there.
caused coast economy focus following gulf major rebuilding resilient since
Rebuilding in the Gulf Coast will be a major focus following the destruction caused by hurricanes in the region. This is yet another demonstration of how resilient the economy has been since Sept. 11, 2001.
anticipate corporate earnings economic growth next people time year
Next year people will still be cautious. At the same time I anticipate corporate earnings and economic growth will come in better than expected,
economy hopefully slowing summer technology
Hopefully we'll see the economy slowing down by the summer and technology will take off.
positive
This could be one of the more important positive tailwinds for the market,
argue hard shock
Once we get over the shock of the headline, I find it hard to argue that this is a negative.
amazing capital profits turn
It's amazing to see intellectual capital turn into profits so quickly.
fed learned people predicting
You've got some pretty learned people right now predicting a Fed pause.