Timothy Ghriskey
Timothy Ghriskey
buying coming investors markets nor period seeing selling series sinister small smaller straight today ups
Markets don't go straight up, nor should they. What we're seeing today is very necessary. You want to see a series of small ups and smaller downs, with new investors coming back in and buying the dips. This period of selling is nothing more sinister than that.
coming continue earnings economic estimates fourth increase longer reports seeing selling start strong support
Earnings have been coming in by-and-large at better-than-expected levels. But a lot of that has been priced in, and so you're seeing some selling on the news. But the profit-taking is short-term. Longer term, we should continue to see strong economic reports that support the rally, and we should start to see analysts' estimates increase for the fourth quarter.
building calendars certainly clear coming fact favor highly historic market related seen since somewhat stock styles technology valued volatile wrong
We've seen a very volatile stock market since February. Different styles and sectors, like technology or financials, coming in and out of favor with no clear direction. There's nothing really wrong with techs. They are certainly somewhat highly valued by any historic measure, but probably not as highly valued as they were in February. We think, actually, come the fall, we could see a big tech rally, and that would probably be related to the fact that the IPO calendars are really building at the big underwriting firms, the big broker dealers.
changes coming fresh
Gorman coming over changes the whole landscape. It's a fresh slate.
begin continue depend early earnings economic estimates evidence fact judging july less market move negative recent start
I think we can see the market continue to move up through the summer, but it's going to depend on the earnings and the economic news. We should begin to see some evidence of an economic pick-up in the July data, which will start to come out early August. Second-quarter earnings look to be favorable, judging by the estimates and the fact that there have been less negative pre-announcements than in recent quarters.
beyond lift relief seen slight
I think we've seen a slight relief rally, but I don't see what there is out there that's going to lift us beyond that.
bringing correction early highs level market reached seems since stock
I think we've had a pretty significant correction in the stock market since the highs in early March, and we've reached a level that seems to be bringing in buyers.
although effect market meets stock time
I think any time OPEC meets it has an impact, although OPEC doesn't have the same effect on the stock market it once did.
asset cash favorable managers portfolio sitting sure tends today window
I think today is a day of portfolio window dressing, with asset managers making sure they don't have cash sitting around for the end of the year, which tends to be favorable for stocks.
jeff upfront wants
Jeff wants to be more upfront with investors.
early good january reputation time year
I think early January should live up to its reputation as a pretty good time of year for stocks.
fed levels point wind
We do have the wind of the Fed at our back. At some point this downturn we're in levels out.
caused collapse dealt iraq issues last leg process resolution seeing
We really think we're seeing a bottoming in the market. We think the issues really have been dealt with that caused the real collapse of the market. We think we're in a bottoming process that can last a while -- we think the last leg of it is resolution of the Iraq conflict.
caused collapse dealt iraq issues last leg process resolution seeing
We really think we're seeing a bottoming in the market, ... We think the issues really have been dealt with that caused the real collapse of the market. We think we're in a bottoming process that can last a while -- we think the last leg of it is resolution of the Iraq conflict.