110 ordspråk av John Forelli
John Forelli
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We're going to have awful earnings reports for the second and third-quarter so we have to brace ourselves for that. To make a sustained rally, we need to see economic news and earnings news start to turn positive and we don't see that happening until the fourth quarter.
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We've been in the fog for such a long time that everyone's scared to death of getting hit by something they don't see coming.
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We have yet to see any tangible signs of economic recovery and you start to worry whether consumers will be able to hang on until business activity picks up.
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We really have a diversified portfolio of cheap stocks with improving fundamentals, ... That's really our mantra of the fund, and we want to make sure that we're participating in all segments of the market so that we can give our investors consistent returns over the long run.
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We're hoping by the fourth quarter (that) we see some pickup in the economy. In the meantime we've got to brace ourselves for some bad news.
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People are really starting to worry about earnings again. This is a pattern that started in September when the tech market started selling off pretty hard. We're going to have a tough quarter ? it's hard to see what will get people excited about the markets over the next couple of months.
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Just because near-term news is lackluster, it shouldn't scare you away from your hopes of an economic recovery later this year.
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The market's tepid reaction to today's Fed action signals investors aren't sure what's coming next. We'll be slogging through bad earnings reports and it will be pretty awful.
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You are robbing from the rich tech guys and giving to the poor.
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The low P/E end of the market still looks pretty good. I think this is the kind of trend that could last for a year or two.
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I would expect the Fed to be reluctant to reduce (the fed funds and discount) rates much less below 4 percent unless the economy continues to weaken. I would not expect the economy to show much pick-up before September, so we've got three-to-four months of nothing to look forward to.
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I think there are still a lot of sectors of the economy that will get worse before they get better. I still expect to see a pickup in the economic news in the fourth quarter but there's still a big wait between now and then.
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It didn't surprise us that they came out and warned, but it's a pretty encouraging sign that you come up with a dire forecast from Cisco and the stock is still $3 above its low.
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We probably will not see much substantive evidence of recovery in the economy or earnings until the fourth quarter.
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[One analyst suggested the early gains were unwarranted and not supported by the day's economic data.] Maybe it shouldn't have been (up), ... We're not expecting to hear any good news from any companies.
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