Quotes by Brett Gallagher

“Demand will keep energy tight. Any pullback I view as an opportunity to add to positions.”

“With pharmaceuticals, the problems are pretty well known. I dont think theyre going to get any worse from here.”

“One positive is that S&P earnings so far have looked better than the year-earlier period. Granted, comparisons are a lot easier as companies take less write-offs, but its still something thats encouraging,”

“GE will probably talk up their numbers, but I dont know if I buy it.”

“One positive is that S&P earnings so far have looked better than the year-earlier period. Granted, comparisons are a lot easier as companies take less write-offs, but its still something thats encouraging.”

“Its the wildest market Ive seen in some time. Weve gotten to a point where we may get a short-term rally for the next week or two, but beyond that, the market is likely to retest those lows and even go lower. There still isnt much confidence out there. The market crossed back and forth over the breakeven line 18 times today [Friday], which tells you how jittery investors still are.”

“One positive is that S&P earnings so far have looked better than the year-earlier period. Granted, comparisons are a lot easier as companies take less write-offs, but its still something thats encouraging. I dont think were going to have a big profit recovery, but well have the appearance of improvement.”

“From a technical standpoint the markets are a little oversold. Theres tinder for the fire if the markets pick it up. Investors have to reconcile themselves that theyre never going to find the bottom.”

“It may have taken a little while for (3M and Lexmark) to sink in. Lexmark is certainly not a bellwether, but it was one of the stable names in the tech sector.”

“Theres a general concern about the economy and corporate profits. The deals seem to be driven by the ability to reduce costs or create greater synergies of scale, so its not something thats going to help them meet next quarters earnings.”