Whenever companies come out with warnings, it reminds investors about the perilous nature of the earnings environment at the moment,
More Quotes from Joseph Battipaglia:
Between very high short-interest looking to cover, fairly good economic news, signs the Fed is staying put and better earnings on the way, people are very eager to get in right now, ... I think that barring a terrorist attack or some very disappointing earnings, the market looks like it's going to continue to gain through the next few weeks.Joseph Battipaglia
I think gold is not the right place to be right now, ... The dollar and U.S. Treasuries are now the safety valves.
Joseph Battipaglia
Investors have come to understand that the progress in the war on terrorism will influence the economy in 2002.
Joseph Battipaglia
The market anticipated a very weak third quarter. There was concern this would roll over into an on-going problem. Once we have evidence that it is not and the third quarter comes in a little better than expected, that will be the basis for the next leg up,
Joseph Battipaglia
I'd say we're doing very well, all things considered, ... Clearly, there is more money available out there, when even sectors that are fairly stretched, like tech and banks, are doing well today.
Joseph Battipaglia
The techs on balance have put in a fairly decent performance, ... We're getting a sense that there's a bottoming going on in the semiconductors. Some of the bellwether companies like Cisco are talking about a better environment in the future.
Joseph Battipaglia
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