I think we'll probably see an up session in the market over the next several days.
Courtney Smith
If we see (broad economic growth in) Europe total at over 2 percent, that would be a significant increase from last year. At the same time, we're going to see Japan show positive economic growth for the first time in several years. What that's going to do is (encourage) money flowing out of the dollar.
growth money time positive encourage europe japan
It was hard and tiring but I think our team really worked together and pushed through it.
team hard
The low volume is coming because the market is holding its collective breath ahead of the Fed.
breath market
days market
We're starting to put in a bottom I think in the Nasdaq, but it's not quite there yet. We're going to probably stagger around and see some volatility over the next week or so.
starting
I think what you want to do is also focus on companies that are making the transition from old economy to new economy because they have 'old-economy' valuations, but are really joining the new economy and should have 'new economy' valuations.
focus economy
I still prefer technology stocks. The tech sector is still the place were the earnings momentum is.
technology place
It's the exact opposite of a U.S. Presidential race, where you want to get out of the box early and scare off opponents by fund-raising and showing well in primaries.
race early box
We're developing a more bullish scenario here because of the slowdown in the economy leading to less pressure on the Fed to raise interest rates. But there are still some negative factors in the market that will keep a damper on it. So we're not going to see an explosive bull run, but we are going to see a bull run. The underlying interest rate picture and liquidity picture is starting to improve significantly.
negative pressure market starting picture economy interest run
I'm not gonna get excited about it, but I want one.
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