William Hummer
William Hummer
affect corollary energy hurricane market moving poison question
Hurricane Rita, and its corollary affect on energy prices, is moving the market today, no question about it. Uncertainty is poison for the market.
exposure higher interest minimum stocks
Stocks that have minimum exposure to higher interest rates.
sector services showing starting wages
The services sector is showing some inflationary pressure, and wages are starting to climb.
condition due gaining gotten likelihood negatives reinforced stock weighed year
I think the likelihood of gaining is reinforced this year because we've gotten to an oversold condition due to all the negatives that have weighed on stock investors,
beginning economy momentum people since strength year
The strength of the economy since the beginning of the year has been an embarrassment to forecasters. There is much more momentum than most people recognized.
asian crisis earnings economists major sight trim
There's no end in sight as the Asian crisis will go on for years and this is having a major effect, ... It will trim earnings probably more substantially than many economists expected.
appeal energy hold looking managers money previous sector stocks three
I think energy stocks will flatten or worse, ... I'm not looking at the sector to tank, but I don't think it will hold the same appeal for money managers as it has in the previous three quarters.
although market performance reaction stock
I'd characterize third-quarter stock performance as disappointing and event-driven, although it was understandable why the market reaction was what it was,
employment enormous funds supply
There's an enormous supply of funds awaiting employment in equities.
certainly core growth happening job oil price sharp subject variations
This is a disconnect; job growth is psychologically and practically the core of what's happening in the economy. In sharp contrast, the oil price is volatile. It's certainly not meaningless, but it's subject to so many variations that it doesn't have the same importance.
continues earnings economy fed happen reflected second
If the Fed is right and the economy continues to expand, we'll see that happen and see it reflected in the earnings for the second half.
bringing coming corporate earnings estimates growth interest low market rates sustained until year
That's what's probably bringing the market around. Low interest rates and sustained growth will bring estimates that corporate earnings over the coming year could very well be up 8 or 9 percent. That will sustain the market for the coming months, until year-end.
accelerate activity balance business expect investment overall pace third trade
I expect there will be improvements in the trade balance and business investment and in inventories so that the overall pace of activity will accelerate in the third quarter,
anyway anywhere gains good inclined realize time
It's a good time for those who are inclined to take gains to realize them now if they're going to do it anyway -- I don't think the market's going anywhere for a while.