17 Quotes by Michael Driscoll
- Author Michael Driscoll
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It's going to have to reach a point sometime in the future when the earnings aren't going to justify the valuations of stocks,
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It's going to be painful and it's going to be choppy but you have to take a longer time frame than day-to-day.
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The Boeing stock was out of favor for a long time. I think people are still kind of searching for stocks that may have been undiscovered and overlooked, and Boeing is one of them.
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I'm not so sure that the appointment, or the apparent appointment, of Mr. Snow is the significant fact, but the fact that Mr. O'Neill is out. My guess is that almost anybody in there save Mr. O'Neill is going to be perceived as a positive by Wall Street.
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In this kind of interest rate environment with the inflation scenario that's being played out, it think (the bull market) has a lot of legs to it.
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For the last two weeks, all we've been getting is negative pre-announcements. There could be potential out there for a positive if we do see some stabilization in corporate earnings and companies prove they are surviving a very tough economic environment.
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The employment numbers were a mild positive. There is a feeling of mild surprise that the market hangs in as well as it does with all that's going on.
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The futures are down and that's got to be expected after the previous week's strong moves. But what's most impressive is that the market for all intents and purposes is hanging on to those gains.
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