Douglas Altabef
Douglas Altabef
Douglas Altabef quotes about
action data disconnect discussion economic intense late looking market maybe negativity rest worked year
We're looking at the first day of the rest of the year and it's looking like more of the same. On an up note, there is more discussion that maybe we have worked through some of the intense negativity of late and that the disconnect between the economic data and market action may end soon.
exciting market tech year
We think one of the more exciting opportunities this year in the market are in the tech sector.
case expect higher january jump lower massive people percent profit run wanting year
We expect the year to end 2 to 3 percent higher or lower than where it is now. The case for it going down is a massive run of profit taking. The case for it going up is people wanting to get a jump on the January rally.
brief continue good last markets moving stock year
You'll see markets continue to do the Cha-Cha, moving higher, but paced by brief retrenchments. It's not going to be as good as last year, but I think 2004 will still be a good year for the stock markets.
cue early forecasts given market next rest taking trend year
On any given day, the market is taking its cue from forecasts and results. Juniper was negative, so that's spilling through the Nasdaq. I think, overall, though, the trend through the rest of the year and into early next year will be more positive.
bias conviction couple economic fourth goes next nice sideways sort upside year
I think as the year goes on there is going to be more conviction about an economic recovery. I think the market's sort of sideways with an upside bias at least for the next couple of months. I think we'll have a nice fourth quarter.
bias continue conviction forecasts moderately people seeing seem stock support upwards year
The forecasts for the second-half of the year for the most part seem to support a recovery, but to some extent, that's already priced into the market, so you're not seeing that much stock reaction. There's not a lot of conviction and some people will take profits. But I think there will continue to be a moderately upwards bias for the remainder of the year.