Marshall Acuff
Marshall Acuff
call excess healthy market mind orderly overall period point relatively taking
We're going to get to a point where the market is going to stabilize. Keep in mind that really what's going on is that we're taking excess out of the market, and we're doing it in a relatively orderly fashion. In the long term, I think this is very healthy for the overall market. I would call it a period of rebalancing.
healthy market seeing seen
You are seeing a broadening out of the market that we had not seen going from the 9,000 to 10,000 mark. This is a much more egalitarian market and that's a healthy development. It suggests a more sustainable market over time.
issues major resolution year
I think this could go on for another year or more. There is no short-term resolution of the major issues in sight.
hit next percent recession
I think there is a 40 percent possibility that we will hit a recession next year.
correction feels looking people recent situation
It feels uncomfortable. It is uneasy. We're not used to this situation in the market. But, after all, this is the much-awaited correction that many people have been looking for in recent years.
continues credit critical expect fed key mean picture profit
I expect the key is the Fed continues to tighten credit as we go forward. What this is going to mean for the profit picture is more critical for stocks.
We may still have some bumpiness here for a while.
caps folks larger maybe mid money pushing towards valuing
More and more folks are pushing money towards the larger caps, maybe the mid caps as well, but they're valuing liquidity much more highly.
asia basically beginning earnings growth hearing quite reality relief sink tired year
Now reality is beginning to sink in -- that Asia is basically a long-term workout. I really don't see much relief from Asia for quite a while. I think we'll get tired of hearing about Asia before the year is over, but it's really earnings that's key. It's growth that's really the issue.
almost caps continue dominate enter market reality
The reality is that as we enter the new year, the big caps continue to dominate the market as they have for almost two years now.
continue earnings growth learn
Unfortunately, earnings growth expectations are still too high. We continue to learn about that.
doubt inflation period picks question seriously
The question is, are you going to get into a period like the '70s, when inflation went up and up -- which I seriously doubt -- or inflation picks up a bit, and then stabilizes.
environment interest low market slow
This market is on a roll. As long as we have an environment of slow growth, low inflation, low interest rates, the market's going to go higher.
investors run stocks strategy technology work
Investors shouldn't run away from the techs. The long-term fundamentals for technology stocks are super. So the strategy is to work into the area.