Joseph Battipaglia Quotations
Joseph Battipaglia Quotes about:
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Data Quotes
The positive tone has more to do with the economic data that showed some signs of life in the economy. We've got through the Enron debacle and some selling that represented investors looking to lock in profits earlier on. Now we're starting to get a serious picture of what next year looks like, and it's probably the first serious step toward an upward move in the market.
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Action Quotes
We have a lot of difficulty with the telecom service sector, ... It looks like the bad news is localized in that company and that sector. We're at a point where most of the major shocks have been had and the market action today, after the gains over the last few days, is very constructive.
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Caused Quotes
You have some good economic data, but I think everyone is still trying to figure out what the post-Hurricane Katrina environment is like, ... For now, the fundamentals look strong, but that could change in the next few months as the distortions caused by Katrina come through in the economic data, and that's what has people holding off.
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Broader Quotes
This earnings season, instead of getting a ripple effect on positive news, you're seeing that particular company's stock react, but very little spillover, like with IBM today. The negative news has tended to spill over to the rest of that sector, and in some cases, the broader market.
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Christmas Quotes
I like the retail group as a whole because now Wall Street has soured on these companies, ... They're worried about the consumer vitality. But don't forget we have an election coming up in November. That actually stirs confidence, interestingly enough. This could be another good Christmas season. Also this summer, we may not see a drought for most of the country, which means people's spending on home and hearth might be a little better than it was last year when it was so tough outside.
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Clearly Quotes
The economy has proved itself to be vibrant. Inflation is clearly in the bottle. The dollar is back on track. Japan is struggling again. The Europeans want to get out of recession. Rates don't go up in that environment. We've got a market that is going to go off of earnings with a lot of positive momentum and start to hit new highs.