We pick those two for their exposure to the domestic market. We think the recovery in Asia is lifting demand and has re-established a floor under oil prices, and we don't expect prices to drop any time in the near term.
More Quotes from Alan Kral:
We like the oil stocks. Oil has been in the dumpster for several years. We're starting to see the price hikes. Oil is up over 30 a barrel. This ought to be positive for these companies.Alan Kral
The earnings stink. Earnings are down 16 percent, multiples are sky high, and the whole world is built on hope and a lot of cash flow.
Alan Kral
All this talk about a war with Iraq is adding a tremendous amount of volatility in all the markets. We see it in bonds, gold, oil. The uncertainty of what's going to happen is weighing on the markets.
Alan Kral
We think the rally in Nasdaq over the past two weeks is really a relief rally. The relief is they don't think the Fed has to go any further.
Alan Kral
We have reallocated out of bonds. We got a little bit nervous back in December. However, now that bond yields have gotten back to where they are and stock price are where they are, I think you're going to take a real look at bonds and maybe take some money off the table.
Alan Kral
I think people are just not going to respond to what the Fed does if it's only 25 basis points (a quarter point). In order to have any kind of impact he has to change people's actions, he has to change what people do.
Alan Kral
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