It continues to be a tug of war with all of the uncertainty going on with respect to the Middle East. I don't think the markets are going to see long-term effects after a war in the Middle East. The die has been cast -- we are going into Iraq. The U.S. is looking to force a vote to show they've got a majority.
More Quotes from Brett Gallagher:
It's always been the case of something you suspect but have never been able to prove. Earnings seem improbably smooth when you look at the businesses of the company.Brett Gallagher
This is a stock where everything went wrong last year it bottomed out under 7 a share. What really attracted us was when we first started looking at the name, it was more of what are the assets worth. When we started putting that sum of the parts together we were coming out with numbers north of 20 a share,
Brett Gallagher
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.
Brett Gallagher
It's the wildest market I've seen in some time, ... We've gotten to a point where we may get a short-term rally for the next week or two, but beyond that, the market is likely to retest those lows and even go lower. There still isn't much confidence out there. The market crossed back and forth over the breakeven line 18 times today Friday, which tells you how jittery investors still are.
Brett Gallagher
I thought the reason for core earnings was to present a picture of what earnings from ongoing operations really look like. But because of this one factor, and because it's going to introduce so much volatility, nobody is going to use it.
Brett Gallagher
Investors had to decide this (Monday) morning whether last week's rally was real or just a knee-jerk reaction to the previous week's losses.
Brett Gallagher
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Those people are unabashedly ruthless as far as money is concerned.
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