Terence Gabriel
Terence Gabriel
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.
coming earnings market numbers reporting stocks tendency
Especially with the numbers actually coming out, the tendency for this market has been to get out of those stocks reporting earnings a day or two before the report because after they report, it's going to be downhill.
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.
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.
basis
We are probably going to see another 75 basis points.