68 Quotes by Brett Gallagher

Today's earnings quality is less than in the past.

Yeah, we're cheaper than we were at the peak of the bubble and running up to the bubble. But compared to any other point the market is overvalued.

The quarter is starting off pretty rough. We're heading into earnings season and I don't think anyone is expecting anything good.

With pharmaceuticals, the problems are pretty well known. I don't think they're going to get any worse from here.

We seem to be certainly playing to the ebb and flow of the news on the Middle East. You had talk that the national security level would be raised and the market sold off immediately, then popped back up once it was dismissed. That's the kind of market we're in. It's rumor-driven, technical and the fundamentals are not playing a role.

To an extent we're in a vacuum where even poor economic statistics, such as the durable good orders, can't dissuade investors.

What I wonder is are we going to see follow-through selling after the initial drop, or are we going have fund managers using the pullback to build up positions? I'm leaning toward the latter.

We lost all of our power. We're on backup power. Our guys aren't trading.

Every market and every sector has different things that make it tick. So when we're looking, for example, at developed markets, we are bottom up stock pickers. We'll pick the best companies and see what kind of allocation that ends up giving us.