I think the advice to any investor is try to block out as much macro noise as you can but resist the temptation to think this is a market bottom -- it's a lottery ticket.
More Quotes from Charles Crane:
Any time you get more than one central banker in a room together the antennas are bound to go up and send a shiver down the market's spine.Charles Crane
Of course I'll look at it it will be useful information.
Charles Crane
My broad advice is to concentrate on individual issues as opposed to trying to predict where the market is going. Making market calls is of very little value whatsoever.
Charles Crane
The sooner we can line up company A against company B and have some modicum of evidence the books have been prepared in a similar fashion, the better off the market is going to be. Even if the bottom line ends up looking mighty lean.
Charles Crane
Second quarter earnings are very likely to be satisfactory in aggregate. A number of visible companies have warned of disappointments, but they are the exception rather than the rule. Earnings growth will probably be in the high-teens range when everything is tallied up.
Charles Crane
If there's any doubt about this bull market's stamina, yesterday should have quieted some of those doubts. There was no news, positive or negative, in the marketplace. And yet the Dow rose to an all-time high and the broader market was strong as well.
Charles Crane
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