Analysts, Gurus & Pundits
- JenL_3
- KirkL
- JenL_3
- KirkL
- RandeS
- KirkL
- RandeS
- KirkL
- TONYBRIG
- RedCastle
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» JenL_3 - Jerry Favors
At the BB.com site tonight someone named info posted this link to a stockhouse.comIn a nutshell:
Jerry Favors Calls for Strong Rallies,
More Volatility Throughout the Summer Months;
Markets Won't Top Until Autumn (at the earliest);
DJIA to Reach a Minimum of 12,000,
possibly up to 14,000;
Bear Market in the Forecast
That about covers every possible outcome doesn't it!
Sure do miss Jay's Friday Jerry Favors Reports....Jen
-- posted by JenL_3
» KirkL - Joe B continues to be a bullish
Joe B continues to be a bullishhttp://www.gruntal.com/research/joeb.html
An excerpt:
We’ve talked in depth that the real critical factor is how well corporate earnings come across, which will be reported in earnest in the next couple of weeks.
While we officially forecast year-end Dow target of 12,000, Nasdaq Composite at 2,900, S&P 500 at 1,600, it may well overshoot those marks before year-end; we are expecting strength sooner than later.
Indeed, the correction in our judgement has come and gone. In conclusion, our bullish thesis remains intact.
I wonder if Don Lane at Silicon Investor still thinks I am clueless for saying the overall market doesn't matter as long as the proper sectors get the needed correction? It seems that JoeB agrees with me!
-- posted by KirkL
» RandeS - Ah, Abbey -- the voice of reason in the midst of the day-to-day
Ah, Abbey -- the voice of reason in the midst of the day-to-day angst. Come June 30, the mutual fund windows will be fully dressed and the FOMC will be a done deal till next time. Still holding out for new highs by mid-July....for now.-- posted by RandeS
» KirkL - Great point, Rande
She is so good.What I had forgotten about is the easy comparisons that companies will have for the next two quarters. People that invest on trailing 12 month p/e's (there are MANY) will start adding to many stocks that will get good comparisons. I used to make a mint trading HWP looking to add when they had crummy quarters as they get a nice kick after those quarters roll off the trailing 12 month earnings...
Also, when Y2K comes around and is history, the labor will go to productive uses and further add to earnings.
I still think we are highly vulnerable to a large correction, but those can come any time. It is just nice to have some ammo getting 6%+ while we wait.
-- posted by KirkL
» RandeS - Kirk,
Kirk,I've heard Abby mention the "easy" year-over-year comparisons before. I don't quite get why this is supposed to be such a great positive, since "The Street" isn't blind to the fact that many cyclicals and export-dependent companies were in the doldrums last year or so. Might fool some uninformed investors, but they typically don't pay attention to details such as earnings anyway. ;)
-- posted by RandeS
» KirkL - Yes, it is funny
You would think most care about next yrs projected earnings and thus the easy projections are built in. Perhaps this is why Abby says we are fairly valued as she is using next yrs earnings? I guess nothing beats certain numbers rather than projections.Also, perception is important to the momentum crowd so having "good comparisons" is good. They don't seem to join the party until the stock is moving up which usually comes after great news.
-- posted by KirkL
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