Dell report obviously hurt the company. But it has yet to be seen if it's just the case of one company being conservative with its guidance or if it is an indication for the whole sector.
More Quotes from Lincoln Anderson:
Earnings are moving right on up, and I don't see any serious diminishment of the earnings projections. It looks like we are going to do 10 to 15 profit growth in 2006. That is what is pushing stock prices higher.Lincoln Anderson
I think this will be more of a company-led expansion instead of one led by consumers.
Lincoln Anderson
That makes it definitely worth watching how bonds are trading. When there are problems at a company, the institutional bond investors tend to figure it out before the rest of the retail market and dump their bonds.
Lincoln Anderson
It reminds me of PIO, or pilot induced oscillation, a lag in the plane's response to a pilot moving the stick, ... You push the stick down and the plane doesn't go down right away, so you push it down more, and then it really starts to fall. The same thing happens in monetary policy if you have gradualism in interest rates.
Lincoln Anderson
The biggest thing that would help the markets right now would be a sustained drop in crude oil, but I'm not holding my breath for that. It's drawing attention away from third-quarter numbers that, despite GM, are really pretty good.
Lincoln Anderson
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