The vulnerability is in individual stocks rather than in the market, ... Any company that misses its earnings is going to get brutally punished. The market has very low tolerance for companies that miss their earnings, and it goes back to the fact that everybody's paid on performance and it's difficult for people to have a long-term view.
More Quotes from James Awad:
Once the Russell 2000 starts to move because it is fundamentally more attractive, you'll see a lot of money chasing limited market capitalization stocks. You can get a very significant move in the Russell 2000 in a very short time and I would anticipate that happening starting very soon.James Awad
It's a hard call to make, but the line of least resistance probably remains up.
James Awad
Greenspan is giving a speech Monday night to some overseas bankers, then Thursday he will speak to Congress. Investors will be looking to him to clarify.
James Awad
Today is encouraging, but it's not particularly meaningful. We still have a lot of economic and earnings news to get through this week.
James Awad
You clearly have to keep watching this inflation issue. You do have to have some concern that, based on history, the current amount of economic growth should lead to inflation. But if you talk to companies, it's not happening.
James Awad
This doesn't mean you have to pour everything into beverages and foods. You can still find quality companies that also benefit from an improving economy.
James Awad
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