Stuart Freeman Quotes (14 Quotes)

There are a lot of features behind this market that are very favorable. Inflation news recently for August was very positive. Rates dropping have been a positive for this market and earnings still look good.

We've been thinking that the Nasdaq, as an index, would likely outperform a lot of the other indexes this year. It's a lot about secular growth. We're seeing growth in technology. And for the most part, it's been a tech year.

The market is looking at that and worrying that inflation may be rekindling as the unemployment rate moves lower.

You're not becoming richer as a result of the split. Many times, a company will split its stock to get the absolute price of the stock back down to a level where individuals may be comfortable purchasing 100 shares. But you know, when you split the price of the stock, you simply have twice as much stock at half the price.

Anything that makes investors feel comfortable with the inflation level and the way short-term interest rates are going is going to help the market.

It doesn't look like inflation so far is accelerating. The market likes that because it worries less about the Fed raising rates too aggressively.

We are maintaining our long-standing target for the Dow 10,000 area by late spring 1999.

I think today's action is a little bit of profit taking. There's some consternation in the bond market. We think this market in equities is going higher later this year.

We're in a funny space. Too much good news is not good news because the market worries about the Fed.

You've got interest rates on your side, inflation on your side. Earnings look good in the second quarter and we think they will be good for the balance of the year. We don't see the indicators to suggest we've got problems at this point.

Certainly, part of the market's worries right now stem from oil. You still have instability in the Middle East, and there's a fear that prices will move dramatically higher.

You've got good home sales figures showing some decent economic growth, and you've got crude oil prices up. You put those together, and that creates worries that the Fed is going to keep going on rates.

We think Gap is a strong growth company whose valuations have become attractive in the last, really the last three months or so. I think the surprise of the year right now is that the economy is not so strong, that inflation will heat up and that these growth stocks that have carried the market for the last three years are going to reassert themselves.

We think right now we're looking at a range in the intermediate term between the current level to 8,000 and down into maybe the 7,300 area. At the same time, as you look at those levels to the 8,500 target we see for next year, there's still good opportunity for gains.