Quotes by Douglas Altabef

“Below the current, the economy has been improving far more than the market reality would indicate. And all things considered, the market is really behaving quite well today [Thursday]. But theres still tremendous anxiety; the market is held hostage to individual corporate news and accountability.”

“What companies report now is less influential than what they say about future quarters.”

“On any given day, the market is taking its cue from forecasts and results. Juniper was negative, so thats spilling through the Nasdaq. I think, overall, though, the trend through the rest of the year and into early next year will be more positive.”

“Clearly youre seeing conflicting signs about the economy and the market reacting to that.”

“Profit news continues to be good, and we are seeing some relief from the profit taking of the last few weeks. But there is an ongoing tug-of-war between weve come too far too fast, and the economic recovery is strong and youre seeing that played out on a day-to-day basis.”

“Earnings have been good, but what youre starting to see is a return to the attitude about earnings that we saw in the late 1990s, where youre seeing more talk about whisper numbers, higher expectations, and a more punitive reaction to numbers that disappoint.”

“The forecasts for the second-half of the year for the most part seem to support a recovery, but to some extent, thats already priced into the market, so youre not seeing that much stock reaction. Theres not a lot of conviction and some people will take profits. But I think there will continue to be a moderately upwards bias for the remainder of the year.”

“I think if you look at volume it would seem to indicate there very likely may be a return of investors. People who are more opportunistic have seen the signs. But a lot of people are waiting for clarity.”

“I think that there is an upward bias. The market for the first time in a long while is wanting to go up.”

“Theres no real compelling reason for stocks to be up. But youve got little new news and theres an upward bias, so were up today after a few days of selling.”