People are joining the camp of easier money for a longer period of time. The Fed should be willing to provide any and all support.
I think you're going to continue to see this until we get through this whole period where there are these expectations that are clearly different than what reality is going to produce next year. Microsoft is only another example.
Things like Dell Computer or Microsoft or Cisco Systems, all have one characteristic: They have enough cash to go through a period like this and come out smelling like roses,
Fears about the next scandal seem to have eased. It's not very exciting, but it's a period where a lack of news is almost good.
This is sort-of the real dead period for the quarter and it's also the summer, and a lot of people are on vacation,
This is a very critical period for the economy. The leadership is where it should be, with technology moving forward. I think we're in a turning point. That's what the market is sending a message about.
It's been the good, the bad and the ugly, ... I think this period is still going to be ugly for earnings but the market has discounted it.
It's been the good, the bad and the ugly. I think this period is still going to be ugly for earnings but the market has discounted it.
What's going to be key over the next week and determine how stocks perform is the interplay of pre-announcements versus brokerage upgrades. The corporate news will become more relevant than the economic news as we get closer to the period of quarterly reporting.