Tobias Levkovich
Tobias Levkovich
breaking point
From a technician's point of view, breaking through 1,300 was an important factor.
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.
carry people targets weight
Look at some of the targets these people had, ... They don't carry any weight anymore.
capital earnings four fourth hear leads quarter spending until
GDP leads earnings by two quarters. Earnings lead capital spending by two quarters. So GDP leads capital spending by four quarters. We shouldn't hear that things are getting better until the fourth quarter at the earliest,
energy factors far fed held market people prices primary raising rates
The two primary factors that held up the market were the Fed raising rates ... and that energy prices were far more excitable than people had anticipated.
companies company good isolated sector single struggle tech
This is a company that can do well in a good economy, and do well in a so-so economy. It's not isolated to a single sector like so many of these tech companies that struggle because their sector slows down.
across business channel cnn community currently fox headlines insight investment market news seems underlying
The investment community currently seems to be gleaning more of its market insight from the headlines scrolling across CNN and Fox news Channel than from underlying business fundamentals,
drummer due economic japanese marching market number
To a degree, the Japanese market has been marching to its own drummer for a number of years due to its economic difficulties.
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.