Scotty George
Scotty George
assess august evaluate fed gotten interest market natural playing point raise rather whether
It's the micro management, the machinations up and down of interest rates, that has really gotten us to the point where we are now, rather than the market playing out at its own natural cycle. So the Fed today, I believe, will take a look back at the landscape, assess what they've done, and probably use August to evaluate whether or not to come back in and raise rates.
determined quality successful third
I think we're going to see a successful third quarter, but it's going to be determined by the quality of the earnings.
earlier entering euphoric fix season spike tough year
I think that we're entering into a season of commonality. Earlier this year we had such a euphoric spike in different sectors at different times, and it was very tough to get a fix on valuation and fundamentals.
balance crisis events hold looking love market markets several value weeks work
Clearly, the market has been on hold with the events in Iraq, and we're now nearing a crisis deadline. Markets love to work with a balance of certainty. After several weeks of selling, we're now looking at some value hunting.
buying creating follow lifted seeing summer value
But more generally, we're seeing a follow through on a lot of the value buying that lifted us in the summer and it's creating some psychological support.
earlier few highs hit last market seen today weeks
I think the market today is just perpetuating the uncertainty we've seen in the last few weeks after it hit its highs earlier in the month.
confidence crisis investors northern prices safer stocks
With the confidence crisis in the U.S. markets, investors will look to more conservative stocks as prices consolidate, and Burlington Northern is one of these safer stocks.
expanding investors key lost near patience stocks sums technical testing
We're really testing the patience of investors who have lost substantial sums of money. We're also testing technical levels, with stocks expanding or retracting as we get near key lows.
conflict corporate economic fiscal message seeing sort terms until
Until we get some sort of clear-cut message about where we're going in terms of the conflict with Iraq, the economic slowdown and corporate profits, fiscal policy, and everything else, we're going to keep seeing this kind of action.
earnings generally happen lead looking market past pipeline sentiment stimulus strong ultimately whether
What we're looking at generally is whether the market can get past these levels. We think there's enough strong sentiment and stimulus in the pipeline for that to happen and that the earnings will ultimately lead the market, but it's a process, and it's going to take time.
corporate definitive events investors last resolution seeing sentiment today wait week
What we're seeing today and what we have been seeing for the last week is a drying up of sentiment as investors wait for some definitive resolution of world events and some new corporate catalysts.