http://odeo.com/channels/110732-MarketWatch-Morning-Stock-Talk Mousefinger no Hear about what's driving the stock market from those in the know. MarketWatch Radio talks about the big stock movers, economic data and investment trends with Wall Street's top analysts, strategists and traders. Get the blow-by-blow on the markets when you need it most. Hear about what's driving the stock market from those in the know. MarketWatch Radio talks about the big stock movers, economic data and investment trends with Wall Street's top analysts, strategists and traders. Get the blow-by-blow on the markets when you need it most. Hear about what's driving the stock market from those in the know. MarketWatch Radio talks about the big stock movers, economic data and investment trends with Wall Street's top analysts, strategists and traders. Get the blow-by-blow on the markets when y en-us 40 Mon, 07 Dec 2009 08:43:55 -0800 Mon, 07 Dec 2009 08:43:55 -0800 http://odeo.com/episodes/25503591-Bittles-Market-still-on-the-bulls-side "December can be very frustrating," with a lot of churning and not much movement either way, says Bruce Bittles, the chief investment strategist at R.W. Baird & Company. But he says the calendar is still on Wall Street's side. "Stocks do best from November first through April 30th, and that's one reason we feel the path of least resistance is on the side of the bulls." "December can be very frustrating," with a lot of churning and not much movement either way, says Bruce Bittles, the chief investment strategist at R.W. Baird & Company. But he says the calendar is still on Wall Street's side. "Stocks do best from November first through April 30th, and that's one reason we feel the path of least resistance is on the side of the bulls." "December can be very frustrating," with a lot of churning and not much movement either way, says Bruce Bittles, the chief investment strategist at R.W. Baird & Company. But he says the calendar is still on Wall Street's side. "Stocks do best from November first through April 30th, and that's one reason we feel the path of least resistance is on the side of the bulls." tag:odeo.com,2009-12-07,25503591 Mon, 07 Dec 2009 08:43:55 -0800 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25492398-Stone-Improving-employment-should-help-consumers "You hope that this does cheer people up," says Bill Stone, chief investment strategist at PNC Wealth Management. Speaking of the impact of today's better than expected employment report on Wall Street and Main Street, Stone tells Andrew O'Day "people's expectations for future earnings are what drives their spending. So if they're feeling better about the job situation, that should help." The dollar market hiccup is keeping a lid on today's gains, but Stone is optimistic about the future. "Right now people are looking at the fact that even though there are plenty of bad thing to find out there, the general directions is toward healing and recovery." "You hope that this does cheer people up," says Bill Stone, chief investment strategist at PNC Wealth Management. Speaking of the impact of today's better than expected employment report on Wall Street and Main Street, Stone tells Andrew O'Day "people's expectations for future earnings are what drives their spending. So if they're feeling better about the job situation, that should help." The dollar market hiccup is keeping a lid on today's gains, but Stone is optimistic about the future. "Right now people are looking at the fact that even though there are plenty of bad thing to find out there, the general directions is toward healing and recovery." "You hope that this does cheer people up," says Bill Stone, chief investment strategist at PNC Wealth Management. Speaking of the impact of today's better than expected employment report on Wall Street and Main Street, Stone tells Andrew O'Day "people's expectations for future earnings are what drives their spending. So if they're feeling better about the job situation, that should help." The dollar market hiccup is keeping a lid on today's gains, but Stone is optimistic about the future. "Right now people are looking at the fact that even though there are plenty of bad thing to find out there, the general directions is toward healing and recovery." tag:odeo.com,2009-12-04,25492398 Fri, 04 Dec 2009 10:38:49 -0800 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25486421-Counterweighted-news-creates-market-stalemate Disappointing reports on the November services sector and chain store sales are pulling the market down, but nice surprises on new jobless claims and Bank of America's TARP repayment are pulling it back up. Result is a tie game, says Alfred Kugel, chief investment strategist at Atlantic Trust. Kugel tells Andrew O'Day "the traders run from one side of the ship to the other." Speaking specifically of the TARP payback and ISM's service reading, Kugel says "they basically cancel each other out." Disappointing reports on the November services sector and chain store sales are pulling the market down, but nice surprises on new jobless claims and Bank of America's TARP repayment are pulling it back up. Result is a tie game, says Alfred Kugel, chief investment strategist at Atlantic Trust. Kugel tells Andrew O'Day "the traders run from one side of the ship to the other." Speaking specifically of the TARP payback and ISM's service reading, Kugel says "they basically cancel each other out." Disappointing reports on the November services sector and chain store sales are pulling the market down, but nice surprises on new jobless claims and Bank of America's TARP repayment are pulling it back up. Result is a tie game, says Alfred Kugel, chief investment strategist at Atlantic Trust. Kugel tells Andrew O'Day "the traders run from one side of the ship to the other." Speaking specifically of the TARP payback and ISM's service reading, Kugel says "they basically cancel each other out." tag:odeo.com,2009-12-03,25486421 Thu, 03 Dec 2009 09:44:49 -0800 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25481072-Farr-This-market-can-be-pressed-but-not-crushed "There is not enough bad news out there to throw at this market," says Michael Farr, president and chief investment officer at Farr, Miller and Washington. Farr tells Andrew O'Day market behavior fits the mold of the typical bull mentality. "The market will discount bad news and embrace good news." Case in point, Farr says, is today's worse than expected job reading from ADP. "In spite of these job losses and the rising unemployment rate, we are still hearing a bullish sentiment from the market. Investors are reacting saying, 'employment is a lagging indicator.'" "There is not enough bad news out there to throw at this market," says Michael Farr, president and chief investment officer at Farr, Miller and Washington. Farr tells Andrew O'Day market behavior fits the mold of the typical bull mentality. "The market will discount bad news and embrace good news." Case in point, Farr says, is today's worse than expected job reading from ADP. "In spite of these job losses and the rising unemployment rate, we are still hearing a bullish sentiment from the market. Investors are reacting saying, 'employment is a lagging indicator.'" "There is not enough bad news out there to throw at this market," says Michael Farr, president and chief investment officer at Farr, Miller and Washington. Farr tells Andrew O'Day market behavior fits the mold of the typical bull mentality. "The market will discount bad news and embrace good news." Case in point, Farr says, is today's worse than expected job reading from ADP. "In spite of these job losses and the rising unemployment rate, we are still hearing a bullish sentiment from the market. Investors are reacting saying, 'employment is a lagging indicator.'" tag:odeo.com,2009-12-02,25481072 Wed, 02 Dec 2009 10:07:03 -0800 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25459778-Brooks-Santa-could-bring-seven-percent-gains Saying that continuous talk of a market correction is creating the wall of worry the market likes to climb, Andy Brooks says "these three to five percent [mini-corrections] over the past six months, they might be enough." The head of equity trading at T. Rowe Price tells Andrew O'Day "there is a lot of cash on the sidelines still. So people might get a little more comfortable sensing that there is improvement in the economy and that it's sustainable, and that the country is on the road to recovery." Saying that continuous talk of a market correction is creating the wall of worry the market likes to climb, Andy Brooks says "these three to five percent [mini-corrections] over the past six months, they might be enough." The head of equity trading at T. Rowe Price tells Andrew O'Day "there is a lot of cash on the sidelines still. So people might get a little more comfortable sensing that there is improvement in the economy and that it's sustainable, and that the country is on the road to recovery." Saying that continuous talk of a market correction is creating the wall of worry the market likes to climb, Andy Brooks says "these three to five percent [mini-corrections] over the past six months, they might be enough." The head of equity trading at T. Rowe Price tells Andrew O'Day "there is a lot of cash on the sidelines still. So people might get a little more comfortable sensing that there is improvement in the economy and that it's sustainable, and that the country is on the road to recovery." tag:odeo.com,2009-12-01,25459778 Tue, 01 Dec 2009 10:43:17 -0800 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25459781-Cooler-heads-on-Dubai-cooler-prospects-for-retail Following the worldwide panic of last week, investors are relieved the UAE central bank is stepping in to protect Dubai's banks. "That has helped to calm down the storm," says Scott Marcouiller, senior equity market strategist at Wells Fargo Advisors. Marcouiller tells Andrew O'Day Dubai may be the first domino. "We'll probably find a few more countries pop up on the scene with the same situation, but we're in much better shape now to handle this." Also in better shape this Cyber Monday, Marcouiller says, is the consumer. "Don't ever underestimate the American consumer and their ability to spend. We're very good at it." Following the worldwide panic of last week, investors are relieved the UAE central bank is stepping in to protect Dubai's banks. "That has helped to calm down the storm," says Scott Marcouiller, senior equity market strategist at Wells Fargo Advisors. Marcouiller tells Andrew O'Day Dubai may be the first domino. "We'll probably find a few more countries pop up on the scene with the same situation, but we're in much better shape now to handle this." Also in better shape this Cyber Monday, Marcouiller says, is the consumer. "Don't ever underestimate the American consumer and their ability to spend. We're very good at it." Following the worldwide panic of last week, investors are relieved the UAE central bank is stepping in to protect Dubai's banks. "That has helped to calm down the storm," says Scott Marcouiller, senior equity market strategist at Wells Fargo Advisors. Marcouiller tells Andrew O'Day Dubai may be the first domino. "We'll probably find a few more countries pop up on the scene with the same situation, but we're in much better shape now to handle this." Also in better shape this Cyber Monday, Marcouiller says, is the consumer. "Don't ever underestimate the American consumer and their ability to spend. We're very good at it." tag:odeo.com,2009-11-30,25459781 Mon, 30 Nov 2009 09:42:53 -0800 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25459783-Analysts-say-Dubai-investors-say-don-t-buy "It's a reminder that perhaps things are still rather tenuous in the financial scene not just in the United States, but also globally." Chuck Carlson, CEO of Horizon Investment Services, tells Andrew O'Day investors should have been paying more attention to over-investment in Dubai, raising risk the emirate would have trouble paying back its debt. "Investors have been placing their hopes, probably more than they should, on some of these emerging markets. And the fear here isn't just Dubai, but is this the first shoe to drop?" "It's a reminder that perhaps things are still rather tenuous in the financial scene not just in the United States, but also globally." Chuck Carlson, CEO of Horizon Investment Services, tells Andrew O'Day investors should have been paying more attention to over-investment in Dubai, raising risk the emirate would have trouble paying back its debt. "Investors have been placing their hopes, probably more than they should, on some of these emerging markets. And the fear here isn't just Dubai, but is this the first shoe to drop?" "It's a reminder that perhaps things are still rather tenuous in the financial scene not just in the United States, but also globally." Chuck Carlson, CEO of Horizon Investment Services, tells Andrew O'Day investors should have been paying more attention to over-investment in Dubai, raising risk the emirate would have trouble paying back its debt. "Investors have been placing their hopes, probably more than they should, on some of these emerging markets. And the fear here isn't just Dubai, but is this the first shoe to drop?" tag:odeo.com,2009-11-27,25459783 Fri, 27 Nov 2009 08:02:10 -0800 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25459786-Street-stuffed-like-a-turkey-with-economic-reports Durable goods orders down. New home sales up. Personal income and spending both higher. Consumer sentiment up this month but still down from last month. Oil supplies up. But of all the economic readings of the day, portfolio manager David Straus at Johnston Lemon Asset Management says the biggest news by far is new unemployment claims. "That's the most contemporaneous view we get of the job market, so to see that improving now really gives you hope for some better employment numbers down the road." Straus tells Andrew O'Day the breaking of the 500,000 level is especially important. "If we see this trend in initial claims continue down over the next three to five weeks, I think we can start seeing job gains by February or March of next year." Durable goods orders down. New home sales up. Personal income and spending both higher. Consumer sentiment up this month but still down from last month. Oil supplies up. But of all the economic readings of the day, portfolio manager David Straus at Johnston Lemon Asset Management says the biggest news by far is new unemployment claims. "That's the most contemporaneous view we get of the job market, so to see that improving now really gives you hope for some better employment numbers down the road." Straus tells Andrew O'Day the breaking of the 500,000 level is especially important. "If we see this trend in initial claims continue down over the next three to five weeks, I think we can start seeing job gains by February or March of next year." Durable goods orders down. New home sales up. Personal income and spending both higher. Consumer sentiment up this month but still down from last month. Oil supplies up. But of all the economic readings of the day, portfolio manager David Straus at Johnston Lemon Asset Management says the biggest news by far is new unemployment claims. "That's the most contemporaneous view we get of the job market, so to see that improving now really gives you hope for some better employment numbers down the road." Straus tells Andrew O'Day the breaking of the 500,000 level is especially important. "If we see this trend in initial claims continue down over the next three to five weeks, I think we can start seeing job gains by February or March of next year." tag:odeo.com,2009-11-25,25459786 Wed, 25 Nov 2009 07:54:36 -0800 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25459787-David-James-Quiet-trading-sends-a-loud-message Despite a glut of economic and corporate news this week, Wall Street's trading volume is exceptionally low. But it isn't just because of Thanksgiving, says David James, senior vice president at James Investment Research. "The last two weeks, we've actually seen average volume only around 1.1 billion shares traded." James says the market lacks conviction because good news is coming with asterisks. For example, 2.8 percent economic growth looks nice, but "in the third quarter, government was paying consumers to spend money with things like that cash for clunkers program. Historically that tends to be a very poor, very inefficient way of getting the economy on track." Despite a glut of economic and corporate news this week, Wall Street's trading volume is exceptionally low. But it isn't just because of Thanksgiving, says David James, senior vice president at James Investment Research. "The last two weeks, we've actually seen average volume only around 1.1 billion shares traded." James says the market lacks conviction because good news is coming with asterisks. For example, 2.8 percent economic growth looks nice, but "in the third quarter, government was paying consumers to spend money with things like that cash for clunkers program. Historically that tends to be a very poor, very inefficient way of getting the economy on track." Despite a glut of economic and corporate news this week, Wall Street's trading volume is exceptionally low. But it isn't just because of Thanksgiving, says David James, senior vice president at James Investment Research. "The last two weeks, we've actually seen average volume only around 1.1 billion shares traded." James says the market lacks conviction because good news is coming with asterisks. For example, 2.8 percent economic growth looks nice, but "in the third quarter, government was paying consumers to spend money with things like that cash for clunkers program. Historically that tends to be a very poor, very inefficient way of getting the economy on track." tag:odeo.com,2009-11-24,25459787 Tue, 24 Nov 2009 09:08:46 -0800 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25459791-Short-greenback-brings-green-back-to-Wall-Street "You're getting increasing signs of economic growth at least for now, and that makes investors seek risk," points out Jim Awad. And the managing director of Zephyr Management says "the most simple risk trade is to sell the dollar, short the dollar or borrow in dollars to buy stocks and commodities." Awad tells Andrew O'Day the market likely will finish 2009 strong. "It's unlikely that you're going to get anything in terms of flow of funds or news that's going to derail this momentum for the next six weeks." Awad adds, "money managers want to get paid. It's very important for them to have a good year because of what happened last year." "You're getting increasing signs of economic growth at least for now, and that makes investors seek risk," points out Jim Awad. And the managing director of Zephyr Management says "the most simple risk trade is to sell the dollar, short the dollar or borrow in dollars to buy stocks and commodities." Awad tells Andrew O'Day the market likely will finish 2009 strong. "It's unlikely that you're going to get anything in terms of flow of funds or news that's going to derail this momentum for the next six weeks." Awad adds, "money managers want to get paid. It's very important for them to have a good year because of what happened last year." "You're getting increasing signs of economic growth at least for now, and that makes investors seek risk," points out Jim Awad. And the managing director of Zephyr Management says "the most simple risk trade is to sell the dollar, short the dollar or borrow in dollars to buy stocks and commodities." Awad tells Andrew O'Day the market likely will finish 2009 strong. "It's unlikely that you're going to get anything in terms of flow of funds or news that's going to derail this momentum for the next six weeks." Awad adds, "money managers want to get paid. It's very important for them to have a good year because of what happened last year." tag:odeo.com,2009-11-23,25459791 Mon, 23 Nov 2009 08:02:38 -0800 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25459793-Market-I-get-knocked-down-But-I-get-up-again Acknowledging that Thanksgiving week already has begun for Wall Street with light volatility and trading volume expected today, Loren Danielson nevertheless finds it encouraging that losses are muted. The senior vice president of RBC Wealth Management tells Andrew O'Day "I view it as encouraging that when the market gets knocked down, that investors are looking for an opportunity to get in. So it seems as though every selloff has some pretty good support underneath it." Looking to next week and a full slate of reports on home sales, consumer confidence and personal spending, Danielson says "it does concern me that all of that news is coming in what will probably be very light trading volume. A lot of traders won't be around." Acknowledging that Thanksgiving week already has begun for Wall Street with light volatility and trading volume expected today, Loren Danielson nevertheless finds it encouraging that losses are muted. The senior vice president of RBC Wealth Management tells Andrew O'Day "I view it as encouraging that when the market gets knocked down, that investors are looking for an opportunity to get in. So it seems as though every selloff has some pretty good support underneath it." Looking to next week and a full slate of reports on home sales, consumer confidence and personal spending, Danielson says "it does concern me that all of that news is coming in what will probably be very light trading volume. A lot of traders won't be around." Acknowledging that Thanksgiving week already has begun for Wall Street with light volatility and trading volume expected today, Loren Danielson nevertheless finds it encouraging that losses are muted. The senior vice president of RBC Wealth Management tells Andrew O'Day "I view it as encouraging that when the market gets knocked down, that investors are looking for an opportunity to get in. So it seems as though every selloff has some pretty good support underneath it." Looking to next week and a full slate of reports on home sales, consumer confidence and personal spending, Danielson says "it does concern me that all of that news is coming in what will probably be very light trading volume. A lot of traders won't be around." tag:odeo.com,2009-11-20,25459793 Fri, 20 Nov 2009 08:17:35 -0800 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25459795-Wall-Street-bets-bottom-dollar-on-dollar-bottom "What we're seeing is the market following the global markets lower, and of course we have the dollar which is rising today. And that's taking the some of the risk appetite out of the market." That is how Peter Cardillo sees today's selloff despite tame readings of leading indicators and Philadelphia manufacturing. The chief market economist at Avalon Partners tells Andrew O'Day a stabilizing dollar will mean a new normal for Wall Street. "There are indications that perhaps we'll see sideways movement in the dollar for awhile, and that could cause a less dramatic rise to the upside in equities." "What we're seeing is the market following the global markets lower, and of course we have the dollar which is rising today. And that's taking the some of the risk appetite out of the market." That is how Peter Cardillo sees today's selloff despite tame readings of leading indicators and Philadelphia manufacturing. The chief market economist at Avalon Partners tells Andrew O'Day a stabilizing dollar will mean a new normal for Wall Street. "There are indications that perhaps we'll see sideways movement in the dollar for awhile, and that could cause a less dramatic rise to the upside in equities." "What we're seeing is the market following the global markets lower, and of course we have the dollar which is rising today. And that's taking the some of the risk appetite out of the market." That is how Peter Cardillo sees today's selloff despite tame readings of leading indicators and Philadelphia manufacturing. The chief market economist at Avalon Partners tells Andrew O'Day a stabilizing dollar will mean a new normal for Wall Street. "There are indications that perhaps we'll see sideways movement in the dollar for awhile, and that could cause a less dramatic rise to the upside in equities." tag:odeo.com,2009-11-19,25459795 Thu, 19 Nov 2009 09:38:04 -0800 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25459797-Boockvar-What-Me-worry-Yes-and-so-should-you "With weakness in the dollar, record high in gold, the rising inflation expectations in TIPS, policy being extremely easy, the Fed should be worried about inflation." So says Peter Boockvar, commenting on the fact that only yesterday, many analysts said the Fed need not worry about inflation following a tame PPI report. Boockvar tells Andrew O'Day "generally speaking in inflation, the CPI is the only thing that matters because it's what consumers end up paying for services and goods." "With weakness in the dollar, record high in gold, the rising inflation expectations in TIPS, policy being extremely easy, the Fed should be worried about inflation." So says Peter Boockvar, commenting on the fact that only yesterday, many analysts said the Fed need not worry about inflation following a tame PPI report. Boockvar tells Andrew O'Day "generally speaking in inflation, the CPI is the only thing that matters because it's what consumers end up paying for services and goods." "With weakness in the dollar, record high in gold, the rising inflation expectations in TIPS, policy being extremely easy, the Fed should be worried about inflation." So says Peter Boockvar, commenting on the fact that only yesterday, many analysts said the Fed need not worry about inflation following a tame PPI report. Boockvar tells Andrew O'Day "generally speaking in inflation, the CPI is the only thing that matters because it's what consumers end up paying for services and goods." tag:odeo.com,2009-11-18,25459797 Wed, 18 Nov 2009 09:22:37 -0800 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25459800-Straus-Flight-from-cash-helping-stocks Pay no mind to the Tuesday pullback, says David Straus, the senior portfolio manager at Johnston Lemon Asset Management. "It just seems like the market wants to work its way higher here," he says, and the 5% corrections in October and May seem to be enough to work with. Part of the reason, Straus says, is the dollar's decline. "It makes you want to get out of cash. You'd rather own hard assets, whether it be commodities or stocks, rather than hold a dollar that's being devalued over time." Pay no mind to the Tuesday pullback, says David Straus, the senior portfolio manager at Johnston Lemon Asset Management. "It just seems like the market wants to work its way higher here," he says, and the 5% corrections in October and May seem to be enough to work with. Part of the reason, Straus says, is the dollar's decline. "It makes you want to get out of cash. You'd rather own hard assets, whether it be commodities or stocks, rather than hold a dollar that's being devalued over time." Pay no mind to the Tuesday pullback, says David Straus, the senior portfolio manager at Johnston Lemon Asset Management. "It just seems like the market wants to work its way higher here," he says, and the 5% corrections in October and May seem to be enough to work with. Part of the reason, Straus says, is the dollar's decline. "It makes you want to get out of cash. You'd rather own hard assets, whether it be commodities or stocks, rather than hold a dollar that's being devalued over time." tag:odeo.com,2009-11-17,25459800 Tue, 17 Nov 2009 08:23:41 -0800 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25446260-Lieberman-Stocks-in-a-sweet-spot This is an almost ideal environment for stock prices, says Chuck Lieberman, the chief investment officer at Advisors Capital Management. "Profits are improving, and there is no inflation threat, therefore no risk of rising interest rates," says Lieberman. "I do think the trend is upward." This is an almost ideal environment for stock prices, says Chuck Lieberman, the chief investment officer at Advisors Capital Management. "Profits are improving, and there is no inflation threat, therefore no risk of rising interest rates," says Lieberman. "I do think the trend is upward." This is an almost ideal environment for stock prices, says Chuck Lieberman, the chief investment officer at Advisors Capital Management. "Profits are improving, and there is no inflation threat, therefore no risk of rising interest rates," says Lieberman. "I do think the trend is upward." tag:odeo.com,2009-11-13,25446260 Fri, 13 Nov 2009 08:18:15 -0800 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25441735-Bittles-More-cheer-than-drear-ahead-for-retailers Wal-Mart and other retailers are likely to have a cheerier Christmas than they are letting on, says Bruce Bittles, the chief investment strategist at R.W. Baird & Company. "Not that we're looking for any surge, but expectations are so low, it wouldn't be too surprising to see the consumer be a little more active than as expected," he says. Looking ahead, Bittles doesn't foresee any "big, big gains" from here, since the market's had a huge run already. "But it would be unusual, historically, for the market to run into significant problems in November and December." Wal-Mart and other retailers are likely to have a cheerier Christmas than they are letting on, says Bruce Bittles, the chief investment strategist at R.W. Baird & Company. "Not that we're looking for any surge, but expectations are so low, it wouldn't be too surprising to see the consumer be a little more active than as expected," he says. Looking ahead, Bittles doesn't foresee any "big, big gains" from here, since the market's had a huge run already. "But it would be unusual, historically, for the market to run into significant problems in November and December." Wal-Mart and other retailers are likely to have a cheerier Christmas than they are letting on, says Bruce Bittles, the chief investment strategist at R.W. Baird & Company. "Not that we're looking for any surge, but expectations are so low, it wouldn't be too surprising to see the consumer be a little more active than as expected," he says. Looking ahead, Bittles doesn't foresee any "big, big gains" from here, since the market's had a huge run already. "But it would be unusual, historically, for the market to run into significant problems in November and December." tag:odeo.com,2009-11-12,25441735 Thu, 12 Nov 2009 08:21:51 -0800 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25436748-Keith-Springer-Market-s-in-a-mini-bubble "Easy money" from the Federal Reserve is driving the stock market's gains, and setting it up for a big fall, says Keith Springer, the president of Capital Advisory Financial Services. "We have an artificially high market from cheap money," says Springer. "Eventually that bubble has to burst, and most likely we'll have problems like we had a year, year and a-half ago." "Easy money" from the Federal Reserve is driving the stock market's gains, and setting it up for a big fall, says Keith Springer, the president of Capital Advisory Financial Services. "We have an artificially high market from cheap money," says Springer. "Eventually that bubble has to burst, and most likely we'll have problems like we had a year, year and a-half ago." "Easy money" from the Federal Reserve is driving the stock market's gains, and setting it up for a big fall, says Keith Springer, the president of Capital Advisory Financial Services. "We have an artificially high market from cheap money," says Springer. "Eventually that bubble has to burst, and most likely we'll have problems like we had a year, year and a-half ago." tag:odeo.com,2009-11-11,25436748 Wed, 11 Nov 2009 07:21:21 -0800 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25431316-Stone-Stocks-stuck-in-air-pocket "There's always a hangover after a big party, at least a good party anyway," says Bill Stone, the chief investment strategist at PNC Wealth Management. "We're up about 5 and 1/2 percent over the last 6 trading days," says Stone, "and we're in a little bit of an air pocket for data." So he wouldn't be surprised to see the stock market drift this week as it tries to gauge how sustainable the economic recovery will be. "There's always a hangover after a big party, at least a good party anyway," says Bill Stone, the chief investment strategist at PNC Wealth Management. "We're up about 5 and 1/2 percent over the last 6 trading days," says Stone, "and we're in a little bit of an air pocket for data." So he wouldn't be surprised to see the stock market drift this week as it tries to gauge how sustainable the economic recovery will be. "There's always a hangover after a big party, at least a good party anyway," says Bill Stone, the chief investment strategist at PNC Wealth Management. "We're up about 5 and 1/2 percent over the last 6 trading days," says Stone, "and we're in a little bit of an air pocket for data." So he wouldn't be surprised to see the stock market drift this week as it tries to gauge how sustainable the economic recovery will be. tag:odeo.com,2009-11-10,25431316 Tue, 10 Nov 2009 07:54:59 -0800 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25425751-Farr-Investors-are-getting-carried-away "There's money to be made, but you have to be very, very careful," warns Michael Farr, the president and chief investment officer at Farr, Miller & Washington. Farr is concerned investors are getting carried away "with the exuberance and good feelings of bigger numbers on Wall Street." "The run in stocks is outpacing any fundamental strength in the economy," says Farr. The stock market has climbed 60 percent since March, says Farr. The economy has not. "There's money to be made, but you have to be very, very careful," warns Michael Farr, the president and chief investment officer at Farr, Miller & Washington. Farr is concerned investors are getting carried away "with the exuberance and good feelings of bigger numbers on Wall Street." "The run in stocks is outpacing any fundamental strength in the economy," says Farr. The stock market has climbed 60 percent since March, says Farr. The economy has not. "There's money to be made, but you have to be very, very careful," warns Michael Farr, the president and chief investment officer at Farr, Miller & Washington. Farr is concerned investors are getting carried away "with the exuberance and good feelings of bigger numbers on Wall Street." "The run in stocks is outpacing any fundamental strength in the economy," says Farr. The stock market has climbed 60 percent since March, says Farr. The economy has not. tag:odeo.com,2009-11-09,25425751 Mon, 09 Nov 2009 07:52:02 -0800 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25412196-Phil-Dow-Wall-Street-thinks-we-ve-seen-the-worst Is this as bad as it's going to get? Phil Dow of RBC Wealth Management says that seems to be Wall Street's reaction to the 10.2% jobless rate. "Most economists felt as though we'd eclipse [10%] at some point, so we have, we've done it, the worst is out," says Dow. "I don't hear any 11% calls out there, so maybe we've reached the worst of the expectations." Dow says investors who bet otherwise are going to miss out. He thinks the stock market can add another 20% in the next six months. Is this as bad as it's going to get? Phil Dow of RBC Wealth Management says that seems to be Wall Street's reaction to the 10.2% jobless rate. "Most economists felt as though we'd eclipse [10%] at some point, so we have, we've done it, the worst is out," says Dow. "I don't hear any 11% calls out there, so maybe we've reached the worst of the expectations." Dow says investors who bet otherwise are going to miss out. He thinks the stock market can add another 20% in the next six months. Is this as bad as it's going to get? Phil Dow of RBC Wealth Management says that seems to be Wall Street's reaction to the 10.2% jobless rate. "Most economists felt as though we'd eclipse [10%] at some point, so we have, we've done it, the worst is out," says Dow. "I don't hear any 11% calls out there, so maybe we've reached the worst of the expectations." Dow says investors who bet otherwise are going to miss out. He thinks the stock market can add another 20% in the next six months. tag:odeo.com,2009-11-06,25412196 Fri, 06 Nov 2009 07:54:18 -0800 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25405997-McDonald-Seeing-hope-for-better-jobs-news Wall Street is celebrating two reports from the jobs front, says Jim McDonald, the chief investment strategist at Northern Trust Global Investments. There's the steeper than expected drop in jobless claims last week. And Cisco Systems is adding to the good feeling on jobs. "They indicated their new orders in Northern America are up 10%. That new business order trend will eventually lead to an improvement in the hiring environment." Wall Street is celebrating two reports from the jobs front, says Jim McDonald, the chief investment strategist at Northern Trust Global Investments. There's the steeper than expected drop in jobless claims last week. And Cisco Systems is adding to the good feeling on jobs. "They indicated their new orders in Northern America are up 10%. That new business order trend will eventually lead to an improvement in the hiring environment." Wall Street is celebrating two reports from the jobs front, says Jim McDonald, the chief investment strategist at Northern Trust Global Investments. There's the steeper than expected drop in jobless claims last week. And Cisco Systems is adding to the good feeling on jobs. "They indicated their new orders in Northern America are up 10%. That new business order trend will eventually lead to an improvement in the hiring environment." tag:odeo.com,2009-11-05,25405997 Thu, 05 Nov 2009 09:18:14 -0800 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25403431-Luschini-Gold-now-a-surrogate-for-the-dollar The gold rush is back on. The price of gold is rising to new highs, and Mark Luschini, the chief investment strategist at Janney Montgomery Scott, sees this as a symptom of the dollar's falling value, not a hedge against inflation. "The dollar is somewhat under siege, and countries are using gold as a surrogate, almost supplanting the dollar's role as the world currency," says Luschini. As for the stock market, Luschini says two things can keep the market rising into year-end: the improving economy, and the money sitting on the sidelines. The gold rush is back on. The price of gold is rising to new highs, and Mark Luschini, the chief investment strategist at Janney Montgomery Scott, sees this as a symptom of the dollar's falling value, not a hedge against inflation. "The dollar is somewhat under siege, and countries are using gold as a surrogate, almost supplanting the dollar's role as the world currency," says Luschini. As for the stock market, Luschini says two things can keep the market rising into year-end: the improving economy, and the money sitting on the sidelines. The gold rush is back on. The price of gold is rising to new highs, and Mark Luschini, the chief investment strategist at Janney Montgomery Scott, sees this as a symptom of the dollar's falling value, not a hedge against inflation. "The dollar is somewhat under siege, and countries are using gold as a surrogate, almost supplanting the dollar's role as the world currency," says Luschini. As for the stock market, Luschini says two things can keep the market rising into year-end: the improving economy, and the money sitting on the sidelines. tag:odeo.com,2009-11-04,25403431 Wed, 04 Nov 2009 08:42:58 -0800 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25390737-White-Bears-getting-their-clocks-cleaned The economy is moving in the right direction, and stocks should follow suit once we get past the FOMC meeting and October jobs report this week, says Burt White, the chief investment officer at LPL Financial. The news of the day bears this out, he says. "Warren Buffett sees positive growth in the economy, factory orders are showing positive growth in the economy," White says. And he doesn't think a pullback will be able to take hold. "Every bear on the street has gotten their clocks cleaned, and there's a whole lot of folks who've been waiting for a pullback to put money in," says White. The economy is moving in the right direction, and stocks should follow suit once we get past the FOMC meeting and October jobs report this week, says Burt White, the chief investment officer at LPL Financial. The news of the day bears this out, he says. "Warren Buffett sees positive growth in the economy, factory orders are showing positive growth in the economy," White says. And he doesn't think a pullback will be able to take hold. "Every bear on the street has gotten their clocks cleaned, and there's a whole lot of folks who've been waiting for a pullback to put money in," says White. The economy is moving in the right direction, and stocks should follow suit once we get past the FOMC meeting and October jobs report this week, says Burt White, the chief investment officer at LPL Financial. The news of the day bears this out, he says. "Warren Buffett sees positive growth in the economy, factory orders are showing positive growth in the economy," White says. And he doesn't think a pullback will be able to take hold. "Every bear on the street has gotten their clocks cleaned, and there's a whole lot of folks who've been waiting for a pullback to put money in," says White. tag:odeo.com,2009-11-03,25390737 Tue, 03 Nov 2009 08:48:19 -0800 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25390739-Marcouiller-Indigestion-will-briefly-set-in Friday's sell-off is helping bring more money into the stock market, says Scott Marcouiller, senior equity market strategist at Wells Fargo Advisors. "On pullbacks, money wants to come in," he says. Marcouiller does think selling will set in again, however. "The market, we feel, is just going to go through a little more indigestion," resulting in a pullback of 6-9% over next couple of weeks. But "we think we will regain that ground and some more before year-end." Friday's sell-off is helping bring more money into the stock market, says Scott Marcouiller, senior equity market strategist at Wells Fargo Advisors. "On pullbacks, money wants to come in," he says. Marcouiller does think selling will set in again, however. "The market, we feel, is just going to go through a little more indigestion," resulting in a pullback of 6-9% over next couple of weeks. But "we think we will regain that ground and some more before year-end." Friday's sell-off is helping bring more money into the stock market, says Scott Marcouiller, senior equity market strategist at Wells Fargo Advisors. "On pullbacks, money wants to come in," he says. Marcouiller does think selling will set in again, however. "The market, we feel, is just going to go through a little more indigestion," resulting in a pullback of 6-9% over next couple of weeks. But "we think we will regain that ground and some more before year-end." tag:odeo.com,2009-11-02,25390739 Mon, 02 Nov 2009 08:29:58 -0800 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25390741-Carlson-Watching-the-consumer Some of the weak economic news centered on the consumer today has stocks giving back some of Thursday's big rally. But Chuck Carlson, the CEO at Horizon Investment Services says a pullback was to be expected following such "a surprisingly strong rally," That he says indicates "there are still plenty of investors that still want to be buyers out there." Carlson tells Steve Potisk we still have to keep an eye on consumers since "for the stock market to really jump to the next plateau...you're going to need a lot of good things to happen." Some of those good things include real "revenue growth" which will have to be "driven by the consumer." Some of the weak economic news centered on the consumer today has stocks giving back some of Thursday's big rally. But Chuck Carlson, the CEO at Horizon Investment Services says a pullback was to be expected following such "a surprisingly strong rally," That he says indicates "there are still plenty of investors that still want to be buyers out there." Carlson tells Steve Potisk we still have to keep an eye on consumers since "for the stock market to really jump to the next plateau...you're going to need a lot of good things to happen." Some of those good things include real "revenue growth" which will have to be "driven by the consumer." Some of the weak economic news centered on the consumer today has stocks giving back some of Thursday's big rally. But Chuck Carlson, the CEO at Horizon Investment Services says a pullback was to be expected following such "a surprisingly strong rally," That he says indicates "there are still plenty of investors that still want to be buyers out there." Carlson tells Steve Potisk we still have to keep an eye on consumers since "for the stock market to really jump to the next plateau...you're going to need a lot of good things to happen." Some of those good things include real "revenue growth" which will have to be "driven by the consumer." tag:odeo.com,2009-10-30,25390741 Fri, 30 Oct 2009 08:49:34 -0700 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25390743-Hughes-Market-is-now-fearing-a-V-shaped-rally "This is what we were hoping for, and now that we might get it - or there is a possibility of it - it could cut against us." That's what John Hughes, managing director at Epiphany Equity Research, says about the prospect of strong economic recovery. Hughes tells Andrew O'Day recovery is welcome, but if it gets too robust, the Fed's hand will be forced on interest rates and liquidity. "If we start to pull back on liquidity, now the market in a sense has to stand on its own two feet." Hughes says today's rally follows relief third quarter GDP came in as expected, just as yesterday's selloff followed fear it may not. "This is what we were hoping for, and now that we might get it - or there is a possibility of it - it could cut against us." That's what John Hughes, managing director at Epiphany Equity Research, says about the prospect of strong economic recovery. Hughes tells Andrew O'Day recovery is welcome, but if it gets too robust, the Fed's hand will be forced on interest rates and liquidity. "If we start to pull back on liquidity, now the market in a sense has to stand on its own two feet." Hughes says today's rally follows relief third quarter GDP came in as expected, just as yesterday's selloff followed fear it may not. "This is what we were hoping for, and now that we might get it - or there is a possibility of it - it could cut against us." That's what John Hughes, managing director at Epiphany Equity Research, says about the prospect of strong economic recovery. Hughes tells Andrew O'Day recovery is welcome, but if it gets too robust, the Fed's hand will be forced on interest rates and liquidity. "If we start to pull back on liquidity, now the market in a sense has to stand on its own two feet." Hughes says today's rally follows relief third quarter GDP came in as expected, just as yesterday's selloff followed fear it may not. tag:odeo.com,2009-10-29,25390743 Thu, 29 Oct 2009 10:11:15 -0700 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25390744-Danielson-The-market-is-tired "There just isn't enough positive news to keep the market moving forward right now," says Loren Danielson, senior vice president at RBC Wealth Management. Danielson tells Andrew O'Day "we've had quite a substantial run. We've had very good earnings reports for this quarter, and now the market is ready to take a breather." But he says the breather will not last long. "I am optimistic that we will only have a mild retrenchment. There does seem to be a lot of money on the sidelines that's looking for an opportunity to get in." "There just isn't enough positive news to keep the market moving forward right now," says Loren Danielson, senior vice president at RBC Wealth Management. Danielson tells Andrew O'Day "we've had quite a substantial run. We've had very good earnings reports for this quarter, and now the market is ready to take a breather." But he says the breather will not last long. "I am optimistic that we will only have a mild retrenchment. There does seem to be a lot of money on the sidelines that's looking for an opportunity to get in." "There just isn't enough positive news to keep the market moving forward right now," says Loren Danielson, senior vice president at RBC Wealth Management. Danielson tells Andrew O'Day "we've had quite a substantial run. We've had very good earnings reports for this quarter, and now the market is ready to take a breather." But he says the breather will not last long. "I am optimistic that we will only have a mild retrenchment. There does seem to be a lot of money on the sidelines that's looking for an opportunity to get in." tag:odeo.com,2009-10-28,25390744 Wed, 28 Oct 2009 09:42:54 -0700 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25390746-Peroni-Old-news-is-new-catalyst-for-Wall-Street "The market should be more forward looking than backward looking," says Eugene Peroni, senior vice president at Advisors Asset Management. But Peroni tells Andrew O'Day an absence of corporate earnings guidance today is forcing investors to look at reports such as Case Shiller's home price reading from August. "The market now seems to be focused mostly on the news that speaks to the past. And whenever that happens, you have a more vulnerable environment." He adds that a lack of selloff suggests that upside potential is still strong. "There is this underlying floor probably based on the fact that there are a lot of sideline investors looking for an entry point into this market." "The market should be more forward looking than backward looking," says Eugene Peroni, senior vice president at Advisors Asset Management. But Peroni tells Andrew O'Day an absence of corporate earnings guidance today is forcing investors to look at reports such as Case Shiller's home price reading from August. "The market now seems to be focused mostly on the news that speaks to the past. And whenever that happens, you have a more vulnerable environment." He adds that a lack of selloff suggests that upside potential is still strong. "There is this underlying floor probably based on the fact that there are a lot of sideline investors looking for an entry point into this market." "The market should be more forward looking than backward looking," says Eugene Peroni, senior vice president at Advisors Asset Management. But Peroni tells Andrew O'Day an absence of corporate earnings guidance today is forcing investors to look at reports such as Case Shiller's home price reading from August. "The market now seems to be focused mostly on the news that speaks to the past. And whenever that happens, you have a more vulnerable environment." He adds that a lack of selloff suggests that upside potential is still strong. "There is this underlying floor probably based on the fact that there are a lot of sideline investors looking for an entry point into this market." tag:odeo.com,2009-10-27,25390746 Tue, 27 Oct 2009 09:21:39 -0700 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25376821-Massocca-Wall-Street-won-t-get-fooled-again "Companies for the last two years have been low-balling estimates. They've been setting guidance where the bar was easily crossed. And the Street's catching up to the game." That's according to Stephen Massocca, managing director at Wedbush Securities. Massocca tells Andrew O'Day that despite official corporate guidance making beating expectations easy, "what we're seeing this quarter is a quarter that's pretty much as expected." Gains today look good Massocca says, but "over the last nine trading days the market has pretty much moved sideways." "Companies for the last two years have been low-balling estimates. They've been setting guidance where the bar was easily crossed. And the Street's catching up to the game." That's according to Stephen Massocca, managing director at Wedbush Securities. Massocca tells Andrew O'Day that despite official corporate guidance making beating expectations easy, "what we're seeing this quarter is a quarter that's pretty much as expected." Gains today look good Massocca says, but "over the last nine trading days the market has pretty much moved sideways." "Companies for the last two years have been low-balling estimates. They've been setting guidance where the bar was easily crossed. And the Street's catching up to the game." That's according to Stephen Massocca, managing director at Wedbush Securities. Massocca tells Andrew O'Day that despite official corporate guidance making beating expectations easy, "what we're seeing this quarter is a quarter that's pretty much as expected." Gains today look good Massocca says, but "over the last nine trading days the market has pretty much moved sideways." tag:odeo.com,2009-10-26,25376821 Mon, 26 Oct 2009 08:51:08 -0700 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25356855-Today-s-news-is-old-news-which-amounts-to-no-news "The market's really trying to get a handle as to whether the better economic news and the better earnings news has been already priced into the market," and Robert Pavlik, chief market strategist at Banyan Partners says it likely has. Pavlik tells Andrew O'Day investors successfully forecast a strong earnings season and already have made their portfolio moves in anticipation. Right now the good news we are getting almost every day is simple confirmation. "The market's really trying to get a handle as to whether the better economic news and the better earnings news has been already priced into the market," and Robert Pavlik, chief market strategist at Banyan Partners says it likely has. Pavlik tells Andrew O'Day investors successfully forecast a strong earnings season and already have made their portfolio moves in anticipation. Right now the good news we are getting almost every day is simple confirmation. "The market's really trying to get a handle as to whether the better economic news and the better earnings news has been already priced into the market," and Robert Pavlik, chief market strategist at Banyan Partners says it likely has. Pavlik tells Andrew O'Day investors successfully forecast a strong earnings season and already have made their portfolio moves in anticipation. Right now the good news we are getting almost every day is simple confirmation. tag:odeo.com,2009-10-23,25356855 Fri, 23 Oct 2009 11:39:58 -0700 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25346950-Countdown-to-consolidation-just-one-week-away "We are seeing a less vivacious rise in making new highs, which suggests we are going to enter into a consolidation phase over the next week or so as we wait for November economic data." But Peter Cardillo, chief market economist at Avalon Partners, says not to get too worried. Cardillo tells Andrew O'Day, "the pullback will be mild, I don't expect any major correction. I still think we're headed for a very strong close probably with the Dow headed toward 10,700 to 11,000 by year end." "We are seeing a less vivacious rise in making new highs, which suggests we are going to enter into a consolidation phase over the next week or so as we wait for November economic data." But Peter Cardillo, chief market economist at Avalon Partners, says not to get too worried. Cardillo tells Andrew O'Day, "the pullback will be mild, I don't expect any major correction. I still think we're headed for a very strong close probably with the Dow headed toward 10,700 to 11,000 by year end." "We are seeing a less vivacious rise in making new highs, which suggests we are going to enter into a consolidation phase over the next week or so as we wait for November economic data." But Peter Cardillo, chief market economist at Avalon Partners, says not to get too worried. Cardillo tells Andrew O'Day, "the pullback will be mild, I don't expect any major correction. I still think we're headed for a very strong close probably with the Dow headed toward 10,700 to 11,000 by year end." tag:odeo.com,2009-10-22,25346950 Thu, 22 Oct 2009 11:15:02 -0700 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25324597-Diminishing-returns-from-beating-expectations First quarter: Big rally. Second quarter: Moderate rally. Third quarter: Polite golf applause rally. David Straus, senior portfolio manager at Johnston Lemon Asset Management tells MarketWatch's Andrew O'Day "It's more of a struggle at this point to push these stocks higher compared to where were when the first and second quarter earnings came in beginning last April." Still, the fact we see gains at all is encouraging, Straus says. "It's been pretty impressive that people are willing to buy in on just beating expectations." First quarter: Big rally. Second quarter: Moderate rally. Third quarter: Polite golf applause rally. David Straus, senior portfolio manager at Johnston Lemon Asset Management tells MarketWatch's Andrew O'Day "It's more of a struggle at this point to push these stocks higher compared to where were when the first and second quarter earnings came in beginning last April." Still, the fact we see gains at all is encouraging, Straus says. "It's been pretty impressive that people are willing to buy in on just beating expectations." First quarter: Big rally. Second quarter: Moderate rally. Third quarter: Polite golf applause rally. David Straus, senior portfolio manager at Johnston Lemon Asset Management tells MarketWatch's Andrew O'Day "It's more of a struggle at this point to push these stocks higher compared to where were when the first and second quarter earnings came in beginning last April." Still, the fact we see gains at all is encouraging, Straus says. "It's been pretty impressive that people are willing to buy in on just beating expectations." tag:odeo.com,2009-10-21,25324597 Wed, 21 Oct 2009 10:12:20 -0700 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25318156-Hogan-Apple-s-strength-good-for-economy Of all of the earnings news Wall Street is seeing of late, "Apple's important to all of us," says Art Hogan of Jefferies & Company. "You really have to look at Apple as pure consumer demand," he says, "so I think the fact that Apple can continue to outperform is a good testament to the American consumer." Hogan also says the market is due for a pullback, but it might not happen until early next year. The catalyst for that, he says, will be questions over whether the economy can continue on the right path without the government's help. Of all of the earnings news Wall Street is seeing of late, "Apple's important to all of us," says Art Hogan of Jefferies & Company. "You really have to look at Apple as pure consumer demand," he says, "so I think the fact that Apple can continue to outperform is a good testament to the American consumer." Hogan also says the market is due for a pullback, but it might not happen until early next year. The catalyst for that, he says, will be questions over whether the economy can continue on the right path without the government's help. Of all of the earnings news Wall Street is seeing of late, "Apple's important to all of us," says Art Hogan of Jefferies & Company. "You really have to look at Apple as pure consumer demand," he says, "so I think the fact that Apple can continue to outperform is a good testament to the American consumer." Hogan also says the market is due for a pullback, but it might not happen until early next year. The catalyst for that, he says, will be questions over whether the economy can continue on the right path without the government's help. tag:odeo.com,2009-10-20,25318156 Tue, 20 Oct 2009 09:33:30 -0700 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25312593-Stovall-Stock-rise-should-continue As the major stock indexes press toward new 52-week highs, Sam Stovall of Standard & Poor's Equity Research says this is a good way to mark the 22nd anniversary of Black Monday. "[It's a] happy anniversary in a sense to the S&P and the Dow being at these thresholds," says Stovall, "and hopefully the market will continue to move higher." Stovall thinks it can, as companies show off healthier balance sheets. Any pullback, says Stovall, would be as investors buy on rumor and sell on fact, and that would be short-lived. "I think investors should probably use whatever weakness as a buying opportunity, because I think the market will be heading higher over the next six months," says Stovall. As the major stock indexes press toward new 52-week highs, Sam Stovall of Standard & Poor's Equity Research says this is a good way to mark the 22nd anniversary of Black Monday. "[It's a] happy anniversary in a sense to the S&P and the Dow being at these thresholds," says Stovall, "and hopefully the market will continue to move higher." Stovall thinks it can, as companies show off healthier balance sheets. Any pullback, says Stovall, would be as investors buy on rumor and sell on fact, and that would be short-lived. "I think investors should probably use whatever weakness as a buying opportunity, because I think the market will be heading higher over the next six months," says Stovall. As the major stock indexes press toward new 52-week highs, Sam Stovall of Standard & Poor's Equity Research says this is a good way to mark the 22nd anniversary of Black Monday. "[It's a] happy anniversary in a sense to the S&P and the Dow being at these thresholds," says Stovall, "and hopefully the market will continue to move higher." Stovall thinks it can, as companies show off healthier balance sheets. Any pullback, says Stovall, would be as investors buy on rumor and sell on fact, and that would be short-lived. "I think investors should probably use whatever weakness as a buying opportunity, because I think the market will be heading higher over the next six months," says Stovall. tag:odeo.com,2009-10-19,25312593 Mon, 19 Oct 2009 10:20:42 -0700 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25296712-Dwyer-V-is-for-recovery Forget what you've heard about the double-dip or U-shaped economic recovery, says Tony Dwyer of FTN Equity Capital Markets. "We are expecting a capital V recovery," argues Dwyer, and he says that should send the stock market to new highs over the next few years, and to another 10 percent gain at least by the end of this year. Forget what you've heard about the double-dip or U-shaped economic recovery, says Tony Dwyer of FTN Equity Capital Markets. "We are expecting a capital V recovery," argues Dwyer, and he says that should send the stock market to new highs over the next few years, and to another 10 percent gain at least by the end of this year. Forget what you've heard about the double-dip or U-shaped economic recovery, says Tony Dwyer of FTN Equity Capital Markets. "We are expecting a capital V recovery," argues Dwyer, and he says that should send the stock market to new highs over the next few years, and to another 10 percent gain at least by the end of this year. tag:odeo.com,2009-10-16,25296712 Fri, 16 Oct 2009 10:24:10 -0700 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25284234-Carlson-Vigorous-consumer-would-give-Dow-wings Stronger-than-expected retail sales are adding the most fuel to the fire on Wall Street, says Chuck Carlson of Horizon Investment Services. "The consumer is starting to participate again in a more vigorous way," says Carlson. "That's very significant not just for retail, but for most sectors, since the consumer is such an important part of the economy." If that vigor remains, Carlson says, the Dow could shoot for 11,000 before we see a pullback. Stronger-than-expected retail sales are adding the most fuel to the fire on Wall Street, says Chuck Carlson of Horizon Investment Services. "The consumer is starting to participate again in a more vigorous way," says Carlson. "That's very significant not just for retail, but for most sectors, since the consumer is such an important part of the economy." If that vigor remains, Carlson says, the Dow could shoot for 11,000 before we see a pullback. Stronger-than-expected retail sales are adding the most fuel to the fire on Wall Street, says Chuck Carlson of Horizon Investment Services. "The consumer is starting to participate again in a more vigorous way," says Carlson. "That's very significant not just for retail, but for most sectors, since the consumer is such an important part of the economy." If that vigor remains, Carlson says, the Dow could shoot for 11,000 before we see a pullback. tag:odeo.com,2009-10-14,25284234 Wed, 14 Oct 2009 10:18:03 -0700 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25278871-Lieberman-S-P-could-rise-another-10-by-year-end Don't listen to the bears who think the market is overbought, says Chuck Lieberman of Advisors Capital Management. Corporate earnings exceeded expectations in the first half of the year, and third quarter earnings should do the same, and Lieberman says that means stocks can keep climbing, "although the pace in increase in stock prices from here won't be as strong as they were the first six months." Lieberman thinks the market can rise "certainly another 5% without a lot of difficulty and perhaps 10%" by the end of the year. Don't listen to the bears who think the market is overbought, says Chuck Lieberman of Advisors Capital Management. Corporate earnings exceeded expectations in the first half of the year, and third quarter earnings should do the same, and Lieberman says that means stocks can keep climbing, "although the pace in increase in stock prices from here won't be as strong as they were the first six months." Lieberman thinks the market can rise "certainly another 5% without a lot of difficulty and perhaps 10%" by the end of the year. Don't listen to the bears who think the market is overbought, says Chuck Lieberman of Advisors Capital Management. Corporate earnings exceeded expectations in the first half of the year, and third quarter earnings should do the same, and Lieberman says that means stocks can keep climbing, "although the pace in increase in stock prices from here won't be as strong as they were the first six months." Lieberman thinks the market can rise "certainly another 5% without a lot of difficulty and perhaps 10%" by the end of the year. tag:odeo.com,2009-10-13,25278871 Tue, 13 Oct 2009 09:47:49 -0700 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25273432-Nolte-Correction-coming-We-already-had-it "We've already pulled back," says Paul Nolte, director of investments at Hinsdale Associates. Answering conventional wisdom that the market must have a correction one of these days, Nolte tells Andrew O'Day "if you take a look at the market we actually pulled back the week before. Now granted it wasn't much, but we saw a four to five percent decline in the market and that may be all that we get." "We've already pulled back," says Paul Nolte, director of investments at Hinsdale Associates. Answering conventional wisdom that the market must have a correction one of these days, Nolte tells Andrew O'Day "if you take a look at the market we actually pulled back the week before. Now granted it wasn't much, but we saw a four to five percent decline in the market and that may be all that we get." "We've already pulled back," says Paul Nolte, director of investments at Hinsdale Associates. Answering conventional wisdom that the market must have a correction one of these days, Nolte tells Andrew O'Day "if you take a look at the market we actually pulled back the week before. Now granted it wasn't much, but we saw a four to five percent decline in the market and that may be all that we get." tag:odeo.com,2009-10-12,25273432 Mon, 12 Oct 2009 11:08:40 -0700 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25273433-Nolte-Correction-coming-We-already-had-it "We've already pulled back," says Paul Nolte, director of investments at Hinsdale Associates. Answering conventional wisdom that the market must have a correction one of these days, Nolte tells Andrew O'Day "if you take a look at the market we actually pulled back the week before. Now granted it wasn't much, but we saw a four to five percent decline in the market and that may be all that we get." "We've already pulled back," says Paul Nolte, director of investments at Hinsdale Associates. Answering conventional wisdom that the market must have a correction one of these days, Nolte tells Andrew O'Day "if you take a look at the market we actually pulled back the week before. Now granted it wasn't much, but we saw a four to five percent decline in the market and that may be all that we get." "We've already pulled back," says Paul Nolte, director of investments at Hinsdale Associates. Answering conventional wisdom that the market must have a correction one of these days, Nolte tells Andrew O'Day "if you take a look at the market we actually pulled back the week before. Now granted it wasn't much, but we saw a four to five percent decline in the market and that may be all that we get." tag:odeo.com,2009-10-12,25273433 Mon, 12 Oct 2009 11:08:18 -0700 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25261134-Farr-Dollar-is-the-termite-in-the-basement "We don't hear them, but I think they have been silently chewing at a good bit of the foundation here." That's how Michael Farr, president and chief investment officer at Farr Miller and Washington, describes the 'termite' of the dollar. Farr tells Andrew O'Day the unexpected drop in the trade deficit is more a dollar issue than an oil one, and that reassuring comments by Fed Chief Bernanke qualify him primarily as a good politician. Still, "the market seems to be in a bullish mode psychologically, embracing any scrap of good news and discounting any scrap of bad news." "We don't hear them, but I think they have been silently chewing at a good bit of the foundation here." That's how Michael Farr, president and chief investment officer at Farr Miller and Washington, describes the 'termite' of the dollar. Farr tells Andrew O'Day the unexpected drop in the trade deficit is more a dollar issue than an oil one, and that reassuring comments by Fed Chief Bernanke qualify him primarily as a good politician. Still, "the market seems to be in a bullish mode psychologically, embracing any scrap of good news and discounting any scrap of bad news." "We don't hear them, but I think they have been silently chewing at a good bit of the foundation here." That's how Michael Farr, president and chief investment officer at Farr Miller and Washington, describes the 'termite' of the dollar. Farr tells Andrew O'Day the unexpected drop in the trade deficit is more a dollar issue than an oil one, and that reassuring comments by Fed Chief Bernanke qualify him primarily as a good politician. Still, "the market seems to be in a bullish mode psychologically, embracing any scrap of good news and discounting any scrap of bad news." tag:odeo.com,2009-10-09,25261134 Fri, 09 Oct 2009 10:02:27 -0700 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25253604-The-hangover-of-not-spending-is-beginning-to-wane "The last year was so difficult for consumers, people that were secure in their jobs and incomes - in their minds they didn't feel that way." But Bob Manning, director of wealth management at Morgan Stanley Smith Barney, says Wall Street investors are happy that the fear mentality is beginning to change as evidenced by today's chain store reports. Manning tells Andrew O'Day "the longer we get away from the systemic failures that we had... it seems the consumer is slowly, slowly beginning to spend again." Manning adds that earnings so far are positive, but reports in coming weeks will need to demonstrate growth in addition to tight money management. "The last year was so difficult for consumers, people that were secure in their jobs and incomes - in their minds they didn't feel that way." But Bob Manning, director of wealth management at Morgan Stanley Smith Barney, says Wall Street investors are happy that the fear mentality is beginning to change as evidenced by today's chain store reports. Manning tells Andrew O'Day "the longer we get away from the systemic failures that we had... it seems the consumer is slowly, slowly beginning to spend again." Manning adds that earnings so far are positive, but reports in coming weeks will need to demonstrate growth in addition to tight money management. "The last year was so difficult for consumers, people that were secure in their jobs and incomes - in their minds they didn't feel that way." But Bob Manning, director of wealth management at Morgan Stanley Smith Barney, says Wall Street investors are happy that the fear mentality is beginning to change as evidenced by today's chain store reports. Manning tells Andrew O'Day "the longer we get away from the systemic failures that we had... it seems the consumer is slowly, slowly beginning to spend again." Manning adds that earnings so far are positive, but reports in coming weeks will need to demonstrate growth in addition to tight money management. tag:odeo.com,2009-10-08,25253604 Thu, 08 Oct 2009 09:37:15 -0700 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25247910-Battle-Coming-earnings-rally-will-be-asymmetrical "We had a unified rally from the bottom beginning in the spring," says Brian Battle, vice president of trading at Performance Trust Capital Partners. But Battle tells Andrew O'Day what we will see now "is an asymmetrical rally in different sectors, and before that can happen there needs to be proof that there are real earnings. But we haven't seen that yet." As earnings reporting season begins, Battle is looking for specific sector bellwethers. "Alcoa is a fundamental metals player. We're going to see service numbers out of Marriott. FedEx tends to be a bellwether." "We had a unified rally from the bottom beginning in the spring," says Brian Battle, vice president of trading at Performance Trust Capital Partners. But Battle tells Andrew O'Day what we will see now "is an asymmetrical rally in different sectors, and before that can happen there needs to be proof that there are real earnings. But we haven't seen that yet." As earnings reporting season begins, Battle is looking for specific sector bellwethers. "Alcoa is a fundamental metals player. We're going to see service numbers out of Marriott. FedEx tends to be a bellwether." "We had a unified rally from the bottom beginning in the spring," says Brian Battle, vice president of trading at Performance Trust Capital Partners. But Battle tells Andrew O'Day what we will see now "is an asymmetrical rally in different sectors, and before that can happen there needs to be proof that there are real earnings. But we haven't seen that yet." As earnings reporting season begins, Battle is looking for specific sector bellwethers. "Alcoa is a fundamental metals player. We're going to see service numbers out of Marriott. FedEx tends to be a bellwether." tag:odeo.com,2009-10-07,25247910 Wed, 07 Oct 2009 10:45:41 -0700 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25241934-Johnson-Market-set-on-proving-him-wrong Wall Street has had time to think about last week's economic reports, says Hugh Johnson of Johnson Illington Advisors, and after the initial "knee-jerk" that sent the market tumbling, investors now see the reports telling us the economy is getting "less-worse" all the time. Looking ahead, "what I think is that we've got maybe 5% upside in the market between now and 2010," says Johnson. But he thinks the stock market is set on proving him wrong. "What the market seems to be telling me is that I'm probably too pessimistic on my forecast for the economy and earnings." And Johnson says you need to pay attention to the market, not any individual's forecast. Wall Street has had time to think about last week's economic reports, says Hugh Johnson of Johnson Illington Advisors, and after the initial "knee-jerk" that sent the market tumbling, investors now see the reports telling us the economy is getting "less-worse" all the time. Looking ahead, "what I think is that we've got maybe 5% upside in the market between now and 2010," says Johnson. But he thinks the stock market is set on proving him wrong. "What the market seems to be telling me is that I'm probably too pessimistic on my forecast for the economy and earnings." And Johnson says you need to pay attention to the market, not any individual's forecast. Wall Street has had time to think about last week's economic reports, says Hugh Johnson of Johnson Illington Advisors, and after the initial "knee-jerk" that sent the market tumbling, investors now see the reports telling us the economy is getting "less-worse" all the time. Looking ahead, "what I think is that we've got maybe 5% upside in the market between now and 2010," says Johnson. But he thinks the stock market is set on proving him wrong. "What the market seems to be telling me is that I'm probably too pessimistic on my forecast for the economy and earnings." And Johnson says you need to pay attention to the market, not any individual's forecast. tag:odeo.com,2009-10-06,25241934 Tue, 06 Oct 2009 08:18:24 -0700 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25235934-Pado-Thinking-positive-but-only-until-year-end The ISM services number today gave Wall Street some much-needed good news after two weeks of disappointing economic reports, says Marc Pado of Cantor Fitzgerald, "but really it's not enough to change the tide." "We need to see earnings," says Pado. "We need to hear forward-looking statements by companies that are not pessimistic." Pado does think the stock market will push through the end of the year "with a positive attitude," but will falter again in the first quarter of 2010. The ISM services number today gave Wall Street some much-needed good news after two weeks of disappointing economic reports, says Marc Pado of Cantor Fitzgerald, "but really it's not enough to change the tide." "We need to see earnings," says Pado. "We need to hear forward-looking statements by companies that are not pessimistic." Pado does think the stock market will push through the end of the year "with a positive attitude," but will falter again in the first quarter of 2010. The ISM services number today gave Wall Street some much-needed good news after two weeks of disappointing economic reports, says Marc Pado of Cantor Fitzgerald, "but really it's not enough to change the tide." "We need to see earnings," says Pado. "We need to hear forward-looking statements by companies that are not pessimistic." Pado does think the stock market will push through the end of the year "with a positive attitude," but will falter again in the first quarter of 2010. tag:odeo.com,2009-10-05,25235934 Mon, 05 Oct 2009 09:55:05 -0700 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25221879-Economic-weakness-argument-is-getting-stronger "What we've seen is a reality check in terms of the economic data showing that the economy still remains pretty sluggish and that the path to recovery is still going to be a bumpy one." That's according to Peter Boockvar, equity strategist at Miller Tabak, who tells Andrew O'Day today's worse than expected readings of September employment and August factory orders simply add to a growing list of recent economic missteps. "That also follows weaker than expected consumer confidence this week, weaker than expected durable goods last Friday, and weaker than expected existing home sales." "What we've seen is a reality check in terms of the economic data showing that the economy still remains pretty sluggish and that the path to recovery is still going to be a bumpy one." That's according to Peter Boockvar, equity strategist at Miller Tabak, who tells Andrew O'Day today's worse than expected readings of September employment and August factory orders simply add to a growing list of recent economic missteps. "That also follows weaker than expected consumer confidence this week, weaker than expected durable goods last Friday, and weaker than expected existing home sales." "What we've seen is a reality check in terms of the economic data showing that the economy still remains pretty sluggish and that the path to recovery is still going to be a bumpy one." That's according to Peter Boockvar, equity strategist at Miller Tabak, who tells Andrew O'Day today's worse than expected readings of September employment and August factory orders simply add to a growing list of recent economic missteps. "That also follows weaker than expected consumer confidence this week, weaker than expected durable goods last Friday, and weaker than expected existing home sales." tag:odeo.com,2009-10-02,25221879 Fri, 02 Oct 2009 10:05:44 -0700 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25216024-Awad-Momentum-threatens-to-shift-bearish "The market has to turn itself around here quickly," says Jim Awad, managing director at Zephyr Management. "Otherwise, you're going to have a fair number of hedge fund managers and aggressive people sell stocks to protect the gains they had in the six months ending September." Awad tells Andrew O'Day economic reports today, such as September ISM Manufacturing, are causing some heads to be scratched. "You're in the Twilight Zone where the numbers get mixed. One day's number can contradict a previous day's number. But the pattern you're getting is of a slow, steady recovery." Unfortunately Awad says, a slow recovery is not what Wall Street has been betting on for the past six months. "The market has to turn itself around here quickly," says Jim Awad, managing director at Zephyr Management. "Otherwise, you're going to have a fair number of hedge fund managers and aggressive people sell stocks to protect the gains they had in the six months ending September." Awad tells Andrew O'Day economic reports today, such as September ISM Manufacturing, are causing some heads to be scratched. "You're in the Twilight Zone where the numbers get mixed. One day's number can contradict a previous day's number. But the pattern you're getting is of a slow, steady recovery." Unfortunately Awad says, a slow recovery is not what Wall Street has been betting on for the past six months. "The market has to turn itself around here quickly," says Jim Awad, managing director at Zephyr Management. "Otherwise, you're going to have a fair number of hedge fund managers and aggressive people sell stocks to protect the gains they had in the six months ending September." Awad tells Andrew O'Day economic reports today, such as September ISM Manufacturing, are causing some heads to be scratched. "You're in the Twilight Zone where the numbers get mixed. One day's number can contradict a previous day's number. But the pattern you're getting is of a slow, steady recovery." Unfortunately Awad says, a slow recovery is not what Wall Street has been betting on for the past six months. tag:odeo.com,2009-10-01,25216024 Thu, 01 Oct 2009 10:46:50 -0700 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25209894-Sparks-Rally-will-not-end-with-third-quarter "The doubters out there with respect to this rally have really been put back on their heels," says Richard Sparks. The senior equity analyst at Schaeffer's Investment Research tells Andrew O'Day continued doubt will prevent the typical rush just before a contraction, and may do for October what it did for September: defy history. "As long as there is that skepticism in the market, it's evidence that there's enough doubt that we're maybe not quite done with this rally and maybe the fourth quarter can be positive as well." On today's reports of Midwest manufacturing and home foreclosures plus troubles for CIT Group, Sparks says "we're not out of the woods yet. We're walking toward the edge of the forest. We're getting closer. But there are still things that have to work their way through the system." "The doubters out there with respect to this rally have really been put back on their heels," says Richard Sparks. The senior equity analyst at Schaeffer's Investment Research tells Andrew O'Day continued doubt will prevent the typical rush just before a contraction, and may do for October what it did for September: defy history. "As long as there is that skepticism in the market, it's evidence that there's enough doubt that we're maybe not quite done with this rally and maybe the fourth quarter can be positive as well." On today's reports of Midwest manufacturing and home foreclosures plus troubles for CIT Group, Sparks says "we're not out of the woods yet. We're walking toward the edge of the forest. We're getting closer. But there are still things that have to work their way through the system." "The doubters out there with respect to this rally have really been put back on their heels," says Richard Sparks. The senior equity analyst at Schaeffer's Investment Research tells Andrew O'Day continued doubt will prevent the typical rush just before a contraction, and may do for October what it did for September: defy history. "As long as there is that skepticism in the market, it's evidence that there's enough doubt that we're maybe not quite done with this rally and maybe the fourth quarter can be positive as well." On today's reports of Midwest manufacturing and home foreclosures plus troubles for CIT Group, Sparks says "we're not out of the woods yet. We're walking toward the edge of the forest. We're getting closer. But there are still things that have to work their way through the system." tag:odeo.com,2009-09-30,25209894 Wed, 30 Sep 2009 10:45:45 -0700 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25204160-Hennessy-From-fixed-income-to-fixing-the-market "I think we're in a ten to 15 year secular bull market. I say that and people say, 'What are you crazy?" But Neil Hennessy, chief investment officer at Hennessy Funds, tells Andrew O'Day "90 percent of the flows into the mutual fund industry are going into fixed income." He says when people grow tired of making no money, they will invest in stocks, but this time purchases will be smarter. He predicts a rediscovery of late 1982 sensibility. "What were trading off then was fundamentals; return on cash, return on equity, return on investments, cashflow, earnings dividends. And I think we're going to back to that type of environment." "I think we're in a ten to 15 year secular bull market. I say that and people say, 'What are you crazy?" But Neil Hennessy, chief investment officer at Hennessy Funds, tells Andrew O'Day "90 percent of the flows into the mutual fund industry are going into fixed income." He says when people grow tired of making no money, they will invest in stocks, but this time purchases will be smarter. He predicts a rediscovery of late 1982 sensibility. "What were trading off then was fundamentals; return on cash, return on equity, return on investments, cashflow, earnings dividends. And I think we're going to back to that type of environment." "I think we're in a ten to 15 year secular bull market. I say that and people say, 'What are you crazy?" But Neil Hennessy, chief investment officer at Hennessy Funds, tells Andrew O'Day "90 percent of the flows into the mutual fund industry are going into fixed income." He says when people grow tired of making no money, they will invest in stocks, but this time purchases will be smarter. He predicts a rediscovery of late 1982 sensibility. "What were trading off then was fundamentals; return on cash, return on equity, return on investments, cashflow, earnings dividends. And I think we're going to back to that type of environment." tag:odeo.com,2009-09-29,25204160 Tue, 29 Sep 2009 09:51:45 -0700 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25199196-Danielson-Deal-making-driving-stock-gains Xerox and Abbott Labs are getting out their checkbooks, and that is putting investors in a buying mood as well, says Loren Danielson of RBC Wealth Management. When senior management sees the value of buying other companies and has the cash on hand to do so, "all of these things are encouraging to the marketplace," says Danielson. He also thinks this week's economic reports will continue to support stock gains. "Even though it has rallied tremendously... there is indeed still some upside potential in the market," says Danielson. Xerox and Abbott Labs are getting out their checkbooks, and that is putting investors in a buying mood as well, says Loren Danielson of RBC Wealth Management. When senior management sees the value of buying other companies and has the cash on hand to do so, "all of these things are encouraging to the marketplace," says Danielson. He also thinks this week's economic reports will continue to support stock gains. "Even though it has rallied tremendously... there is indeed still some upside potential in the market," says Danielson. Xerox and Abbott Labs are getting out their checkbooks, and that is putting investors in a buying mood as well, says Loren Danielson of RBC Wealth Management. When senior management sees the value of buying other companies and has the cash on hand to do so, "all of these things are encouraging to the marketplace," says Danielson. He also thinks this week's economic reports will continue to support stock gains. "Even though it has rallied tremendously... there is indeed still some upside potential in the market," says Danielson. tag:odeo.com,2009-09-28,25199196 Mon, 28 Sep 2009 09:56:24 -0700 no MarketWatch Morning Stock Talk News http://odeo.com/episodes/25183123-Brooks-Higher-market-by-year-end "There's a reasonable case to be made that the markets will be higher by year-end than they are today," says Andy Brooks, vice president and head of U.S. Equity Trading at T. Rowe Price. Brooks tells Andrew O'Day it's based in large part on improvements along Main Street. "Consumer sentiment is improving. The unemployment picture is still pretty lousy but hopefully on the margin getting better." And Brooks says barring another big crisis, the pressure on Wall Street will continue to be for gains. "Fixed instruments like money market funds are hardly paying you any return at all. People need a return and that means you need to take some risk to do that." "There's a reasonable case to be made that the markets will be higher by year-end than they are today," says Andy Brooks, vice president and head of U.S. Equity Trading at T. Rowe Price. Brooks tells Andrew O'Day it's based in large part on improvements along Main Street. "Consumer sentiment is improving. The unemployment picture is still pretty lousy but hopefully on the margin getting better." And Brooks says barring another big crisis, the pressure on Wall Street will continue to be for gains. "Fixed instruments like money market funds are hardly paying you any return at all. People need a return and that means you need to take some risk to do that." "There's a reasonable case to be made that the markets will be higher by year-end than they are today," says Andy Brooks, vice president and head of U.S. Equity Trading at T. Rowe Price. Brooks tells Andrew O'Day it's based in large part on improvements along Main Street. "Consumer sentiment is improving. The unemployment picture is still pretty lousy but hopefully on the margin getting better." And Brooks says barring another big crisis, the pressure on Wall Street will continue to be for gains. "Fixed instruments like money market funds are hardly paying you any return at all. People need a return and that means you need to take some risk to do that." tag:odeo.com,2009-09-25,25183123 Fri, 25 Sep 2009 11:07:52 -0700 no MarketWatch Morning Stock Talk News