Charles Blood Quotations

We are pretty clear into a nice correction,

There doesn't seem to be the overwhelming pessimism that you typically see at a bottom. I think the market's vulnerable on the downside.

When the time comes for the Fed to have these meetings over the next six months, the situation will look different and they will actually keep raising rates.

Historically, markets are much more interested in things like how the economy is doing and what interest rate policy is than who is in power.

I think investors should be back in the market. The direction is up from here.

I think we're going at least up to the old highs by the middle of September. I think this is still basically a big-cap, blue chip market.

It doesn't matter. Earnings could be doing anything.

I think they probably should have canceled this week for lack of interest.

I think this is another correction within an ongoing bull market, rather than something more substantial.

We're caught in a sort of psychological trap here and sometimes to get out you've got to go down first.

We are now on are way back to new highs, ... The key thing to realize is we're past the worst. The market is not going to go up in a straight line, but the worst period is over.

The particular bullish case for the blue chips here is that they've really had a correction over the last month or so, ... I look for the blue chips to catch up with the rest of the market and make new highs later this month.

But the market is not cheap, ... So if you're playing, what should you be playing? GE, I think, is a core holding in anybody's portfolio.

We ultimately expect the overall market to be down...and end up with a correction that totals 10 to 15 percent from the peak.

We have decent economic growth, but the Fed's tightening, ... Earnings should be good, but rising interest rates are putting a little bit of pressure on valuation. All that nets out to a higher market, but not every day and every week.

A stock like Microsoft has a history of splitting. It's not the split that makes Microsoft a success. It's the success that makes the split.

A stock like Microsoft has a history of splitting,

During an election year, the Fed likes to stay out of the headlines.

The trees can go pretty high instead of going to the sky, ... We could easily do another six months of bull market if conditions don't become too excessive and the Fed doesn't become too tight. The issue is how rapid they tighten. If they start doing a quarter-point every six weeks, that's fast. If it's a quarter-point and then nothing for six months that's fine. We can live with that.

A really good bottom looks a little bit like it did last Friday and Monday, but then has follow through, it doesn't just sort of sputter out. I'm a little bit concerned, in the short-run, that there's downside risk.

There really isn't anything to explain today in the employment report. There wasn't any weird number today. Everything was in line. (The profit-taking) could be a case of 'Let's not be piggish. Let's take some profits ahead of the weekend and the election,

It's just a matter of time until we cross 5,000.

It seems the stock market is more tuned to the bond market now than it has been in the past several months. As soon as we got oriented towards the bond market, all this economic data increased in significance.

It's pretty mushy out there. But it's not a bad showing after yesterday's (Monday's) drubbing.

It's pretty mushy out there, ... But it's not a bad showing after yesterday's (Monday's) drubbing.

Everybody is in a pretty reasonable state of confusion.

no longer believes that financial conditions are favorable enough to support a continued expansion in p/e ratios.

These surveys tend to be media responsive, moving according to however the news is going. If you're trying to get true insight, it's not clear that's at all helpful.

In fact, if you wanted to be sort of perverse about it, the last thing I'd want to see would be fantastic earnings.

Cheap is a relative term. In terms of price-to-earnings ratios, some of these stocks are still high.

I don't think, even with the economy a bit better, that we've crossed the inflation threshold. But we're operating pretty near full potential and that is why the markets are so sensitive to these economic news events.

These glitches happen, but they just make for interesting reading, that's all,

The earnings story is good and is likely to remain very good, and the economic conditions are likely to remain supportive. It's certainly not going to go straight up beyond this period, but I think we're about two-thirds of the way through this correction.

Analysts are not way off the mark anymore, so companies don't have to talk them down,