Terence Gabriel
Terence Gabriel
behaving earnings forward market reports year
I'm not very enthusiastic. I think the market is not behaving well as a whole. There's just a lot of trepidation about earnings when you look forward into the new year when the reports come in January.
ahead april closed earnings expect high market october quickly reported shift tend volatile
In January, April and July, the S&P 500 and the Nasdaq have closed down when earnings are reported but they tend to be better ahead of earnings so I don't expect October to be any different. It's a very volatile market and things shift very quickly but the expectations are just so high ahead of earnings.
area best both chip equipment longer looking makers market term
I do think, though, longer term the semiconductor area, both equipment makers and the chip producers, is probably the best area to be in this market looking forward.
buying market questions reason resolve
I don't see any reason for buying when there are so many questions about earnings. There's not a lot of resolve here and the market doesn't have a lot of zing to it.
earnings flight internet panic safety slammed stocks tech
It's just eroding. It's all panic and follow-through on tech earnings fears. Biotech and Internet stocks are all getting slammed with some flight to safety into Dow stocks, but I don't see it being sustained.
hold intel ripples stocks strong technology today
It's that one-two punch. You downgrade Intel yesterday, you downgrade Micron today and it ripples all through technology - even the strong stocks can't hold up.
falling measures psychology shift volatility
The volatility measures are falling with this snapback and there is a short-term shift in psychology -- there's a lot of bargain-hunting going on out there.
earnings election future issue prices short
The election is exaggerating the short term, but it's not the issue. The issue is the deceleration of earnings and the contraction of multiples because prices got way out of whack with what future earnings were going to be.
forward looking market neutral stance
The market is still looking forward to discounting a neutral stance by the Fed.
gotten market matter people rotation saying stay
The market has gotten pretty oversold for the short-term but it's not a full-fledged meltdown. There's so much rotation going on with people saying they will stay in the market no matter what.