Robert Philips
Robert Philips
bond coming earnings falling help prices providing seemed
There are a lot of cross-currents going this week. Bond prices have been falling sharply, but it hasn't seemed to help stocks. Then you've got all the earnings pretty much coming in in-line but not providing many surprises.
break clarity coming interest jobs market policies wall whether
It'll give some clarity about interest rates, whether the market can break out of this range, and will give us some indications about the presidential election. The better the jobs number, the better for Bush's re-election campaign, and for some on Wall Street, that's preferable, because they know what his policies are, and someone else coming in is more of an unknown.
bottom bounce continue couple days likely meaningful next overall process
I think the Nasdaq probably bottomed Monday, and we're in the process overall of making a very meaningful bottom. The next couple of days will likely continue to be volatile, but I think we'll bounce off that bottom after that.
brief finish good hiatus month
I just think this is a brief hiatus in what will be a good finish to the month and the quarter.
conclusive consumer corporate evidence fix market positive problems rally stimulates stock war
I do think there will be a significant rally once the evidence is more definitive. A conclusive end to war will fix the problems we are having today. A positive end to war stimulates a stock market rally, which stimulates consumer and corporate spending. I think it's the stock market that comes first -- it's always been that way.
bet causing investor program retail unlikely
I think it's unlikely that it's the retail investor causing this kind of action. You can pretty much bet it's program traders.
enjoyment heights maybe optimistic percent rally rise slight
This is a slight pullback from the rally we've been enjoying. But, we're very optimistic for the remainder of the year. We think it's up, up and away. Not to the heights of the 90s, but maybe a 10 percent rise from here.
ahead classic commit good market news next people seen standpoint summer technical week
From a technical standpoint the market is in a pretty good place. But I think it's a classic summer Friday, and people don't want to commit too much after the week we've seen and ahead of all the news next week.
clarity economic impact lack
And there's a lack of clarity about the economic impact of Katrina.
comments depends frame greenspan interpret reference terms
Greenspan had something for everybody, as he usually does. It depends on your frame of reference in terms of how you interpret it. I think his comments were pretty benign.
few higher move next run start stocks weeks
My sense is that we're going to keep consolidating over the next few weeks after the kind of run we've had. Then you could see stocks start to move higher again.
bit coming fed implies maybe move pause statement
I think we're a bit overbought right now and we may need to consolidate. But maybe if the Fed statement implies a pause is coming soon, we could move up a bit.
broke call conference group left momentum people tech texas
Texas Instruments' conference call left people pretty cold. That broke the momentum of that group and has spilled over into other tech stocks.
affected bond concerns materials neutral obviously oil stocks today
The PPI today obviously affected the bond market, ... Stocks are more neutral right now in that you have oil stocks, materials and drug stocks doing well today, and that's countering the concerns about inflation.