68 Quotes by Brett Gallagher

We're going to see a lot of revisions down as we go on through the year. Expectations are high.

We're going to have to see better news and slow steady incremental gains over a prolonged period of time in order to build the market.

We've seen more bad news than good news on the economic front over the last few weeks, but the market has been trading higher. Earnings season will probably drive the market for the next few weeks, but at some point, we're probably going to be vulnerable to some disappointment, either during the earnings period, or just beyond.

Some companies have a policy of currency hedging, and you have to factor that into the picture.

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 it's still something that's encouraging. I don't think we're going to have a big profit recovery, but we'll have the appearance of improvement.

GE will probably talk up their numbers, but I don't know if I buy it.

From a technical standpoint the markets are a little oversold. There's tinder for the fire if the markets pick it up. Investors have to reconcile themselves that they're never going to find the bottom.

GAAP is the most honest measure of earnings, ... but the main problem with it is the cyclicality of it.

Had they won, the upside would be significantly greater than the downside we're seeing . . . .