A really good bottom looks a little bit like it did last Friday and Monday, but then has follow through, it doesn't just sort of sputter out. I'm a little bit concerned, in the short-run, that there's downside risk.
More Quotes from Charles Blood:
We are now on are way back to new highs, ... The key thing to realize is we're past the worst. The market is not going to go up in a straight line, but the worst period is over.Charles Blood
But the market is not cheap, ... So if you're playing, what should you be playing GE, I think, is a core holding in anybody's portfolio.
Charles Blood
We have decent economic growth, but the Fed's tightening, ... Earnings should be good, but rising interest rates are putting a little bit of pressure on valuation. All that nets out to a higher market, but not every day and every week.
Charles Blood
The trees can go pretty high instead of going to the sky, ... We could easily do another six months of bull market if conditions don't become too excessive and the Fed doesn't become too tight. The issue is how rapid they tighten. If they start doing a quarter-point every six weeks, that's fast. If it's a quarter-point and then nothing for six months that's fine. We can live with that.
Charles Blood
I think this is another correction within an ongoing bull market, rather than something more substantial.
Charles Blood
There doesn't seem to be the overwhelming pessimism that you typically see at a bottom. I think the market's vulnerable on the downside.
Charles Blood
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Based on Topics: Danger & Risk QuotesBased on Keywords: short-run, sputter
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