Al Goldman
Al Goldman
appears bond concern excuse fed financial hike increased investment nervous predicting rates three
We have a very nervous investment environment. The excuse is bond rates are up and there is increased concern about the financial futures market, which appears to be predicting three more rate hike for the Fed funds.
country good likes sam stands street uncle wall war
Wall Street likes it when Uncle Sam stands tall. Wall Street likes a little war when we're in the right. It makes us feel good about our country and ourselves.
came claims expected fewer number
The productivity number came in better than expected and there were fewer jobless claims than forecast.
bull couple expect market months remember rock roll signs
There are some signs of fatigue. We're still in a bull market but it's important to remember that it's over 27 months old. We can't expect it to rock and roll the way it did even a couple of months ago.
came close fed hikes rate saying
What they like is that the Fed came close to saying that the rate hikes are over.
reaction sharp slowing
What has been going on is a very sharp reaction to a slowing economy.
above fear normal pause yesterday
We had a very big celebration yesterday but there is still a lot of fear in the market. We got above 11,000 and now we're retesting it in a very normal pause to refresh.
beyond confidence degree high looking low minute nobody responding
There is a high degree of low confidence in the marketplace and nobody is looking beyond the end of their noses. They're responding minute by minute to things.
appointed continue economic market prices raise rates rounds sign
There is no economic justification to raise rates. There is no sign that prices can go up much in this competitive environment? Raise rates or not raise rates, I feel that the market will continue its appointed rounds on the up side.
beyond bigger faced history horrible looking mind nation peaks shift valley
We need a mind shift to looking beyond the valley to the peaks ahead. We have to look at the history of the nation after it's faced other horrible disasters. We always come back bigger and better.
awful behind fabulous good market since
We sense that the sell-off is behind us and the market has the preconditions in place for a pretty good year-end rally, ... It's not going to be fabulous because we've already done an awful lot since Sept. 11.
bee queen rotten throw tomatoes
When you throw rotten tomatoes at a queen bee like Cisco, it splashes over on everyone else.