Tobias Levkovich
Tobias Levkovich
blows matter people safety time until
You can see the fad, and know it's just a matter of time until it blows up. When people get worried, they will want the safety of U.S. equities.
caps favor fed large larger raising stopped tend
In 1995, when the Fed stopped raising rates, large caps did take the lead. We think that that's a possibility, and we tend to favor the larger caps.
earnings manipulate people trying
If people we're really trying to manipulate earnings you would think they would have done a better job.
attractive buying opportunity overall remains
Our overall 2006 bullishness remains intact, as an attractive buying opportunity is being set up.
cause downward drive earnings emerge equity estimate few further market momentum next powerful prices stock suspect weakness
If powerful upward earnings estimate revisions have not been able to drive equity prices higher, we suspect that downward momentum in such estimate revisions may cause further stock market weakness to emerge in the next few months.
beginning buying
There could be a hiccup at the beginning of the year, but we would look at that as a buying opportunity.
bargaining initial proposal viewed
The President's proposal should be viewed as an initial bargaining position.
along easy good year
While we think 2006 will be a good year for stocks, we do not necessarily think it will be an easy one, without hiccups along the way.
amongst beginnings bullish degrees earnings economic equity few given investors markets needed next reasonable relatively remain skepticism strong talk
We do not think that investors have given up on the equity markets and we remain bullish over the next few months, ... the beginnings of an economic tailwind, the probability of needed incremental upward earnings revisions, reasonable valuation and relatively strong degrees of skepticism amongst investors we talk to.
bankrupt billions companies entities focusing fraud infamous lost market primary recognize several
While many are focusing on the infamous bankrupt entities as the primary culprits for the market losses, once must recognize that several companies that have not been besieged by fraud allegations have also lost billions in value.
distracted early looking opposed recovery senate
There are early indications of a recovery if you're looking for them as opposed to being distracted by Senate hearings.