You really have a two-tier market with tech stocks going down and everything else going up. Part of this is because valuations in technology stocks got overdone this year and, at the same time, the Dow hadn't performed and now they look cheap. Alfred Kugel More Alfred Kugel Quotes 0
At the moment there are no concerns on the immediate horizon. Alfred Kugel More Alfred Kugel Quotes 0
We have a lot of cross currents right now and so it's very difficult for investors to pick out the proper path. People like myself think that things are in fact slowing down some, that inflation is not a significant problem, and that while the Fed may tighten policy once in the next couple of months, they really probably don't need to. Alfred Kugel More Alfred Kugel Quotes 0
I'm afraid we're not out the woods yet with our friends at the Fed. Alfred Kugel More Alfred Kugel Quotes 0
have been beating the drums about worrying about higher inflation, and so far, other than energy, we haven't had higher inflation. (But) I would say earnings are doing quite well, so I think that's helped to keep the market from having another bad week. Alfred Kugel More Alfred Kugel Quotes 0
The fundamentals are still there. We have low inflation, low interest rates and a worldwide demand for American products I don't think you have a problem as far as the market going up. Alfred Kugel More Alfred Kugel Quotes 0
Unemployment claims were OK. I suspect we're still in for low volatility sliding up to the close tomorrow. I don't expect any big moves in either direction. That's disappointing, given that the week between Christmas and New Year's is what we call the Santa Claus rally, and so far all we've gotten is a lump of coal. Alfred Kugel More Alfred Kugel Quotes 0
This changed the whole psychology of the market from one of disappointment to one of optimism. Alfred Kugel More Alfred Kugel Quotes 0
Inflation seems very unlikely to me in the current economic environment. We have huge amounts of production capacity and plenty of labor around the world, especially in China and India. Alfred Kugel More Alfred Kugel Quotes 0
There's a lot of bad news priced into the market, ... If things turn out not to be as bad as discounted, we will have a rally this summer, and we will end the year 10 percent higher than we are now. Alfred Kugel More Alfred Kugel Quotes 0
I would guess this will be another weak report and that, I think, will keep the Fed on its path of easing, ... In a perverse way, the market will like it because they'll think the Fed will make another cut at the next FOMC meeting. Alfred Kugel More Alfred Kugel Quotes 0
Generally the market will tend to go in the opposite direction of oil prices and sometimes oil shares, but that didn't happen today yet. Alfred Kugel More Alfred Kugel Quotes 0