In the very short term, you are seeing a response to the economic news, and that can give the market some buoyancy. Whereas in September and October, the above-consensus earnings enabled the market to perform better than it traditionally has, in November the focus switches to the economy.
More Quotes from Subodh Kumar:
It's easy because the euro is so visible, ... And besides, in the tech sector, you can't really blame oil prices.Subodh Kumar
If you look at things in a one- or two-year time frame, they are not as bad as they seem but executives are emphasizing the here and now.
Subodh Kumar
In the last few months, there's been a lot of volatility. I look for less volatility in the markets. And I look for the leadership to evolve to the following areas -- where the rates stay in check - the banks, the utility stocks - those do very well, and financial services and utilities. And the second area that I would look for to do better would be companies with real earnings but relatively low multiples, and examples of those are the communications companies and semiconductor stocks,
Subodh Kumar
I think the whole small cap area will do well and that's another sign of the broadening out of leadership.
Subodh Kumar
Stocks suffered today as concerns about inflation, higher oil prices, earnings and a new hurricane mounted. The outlook is a bit uncertain, and uncertainty is never good for stocks.
Subodh Kumar
The rebels have melted into the jungles and we are now helping the terrified passengers, including, women and children vacate the area.
Subodh Kumar
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Based on Topics: Economics Quotes, Media & News QuotesBased on Keywords: above-consensus, buoyancy
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