Al Goldman Quotes (70 Quotes)

I think we could see the Dow close at 11,000 and the SP close at 1,300. We could get some bad news but based on what I know right now, I think those are reasonable levels to attain.

The news so far today would support those who think the Fed is not close to ending its rate hike cycle.

When bull markets and economies start putting on some age, the bigger-name defensive growth stocks get more attention.

The big change in this market the last month or so has been a mood shift from 'the glass is half empty' to 'the glass is half full', and that's why we've had a good rally and a very modest time-out to catch our breath.

IBM ( IBM Research , Estimates ) is a very well-managed company, it looks to us like the shares have made a bottom, that the short-term trend is improving, that momentum is improving. And the company has had some disappointing comments to make. But that's already in the price of the stock. And the stock is down some 40-ish percent from its high, and very well managed.

The fundamental news and the inflation news remain quite positive. We had that big six-week rally in October. Stocks at this exact moment just don't seem ready to stop this correction.

Earnings are ancient history. The first quarter is under our belt. The market is now looking to the fourth quarter and ahead.

The market is a discounting mechanism and typically looks six-to-nine months ahead. But now everyone is so shook up they're not willing to look beyond the end of their nose. What we need is a mood shift, and they (investors) got no supportive therapy from the Fed yesterday (Tuesday).

We sense that the sell-off is behind us and the market has the preconditions in place for a pretty good year-end rally. It's not going to be fabulous because we've already done an awful lot since Sept. 11.

We've had a strong economy for four years now and no inflation, so I don't see inflation as a problem, ... The market went into the tank early today because the message was our correction just wasn't over yet and then, of course, pressure from the techs.

It was a surprise although we thought it was a 50-50 chance the Fed would cut before the January meeting. The Fed made a dramatic move today and it was needed. The Fed is now our friend.

Yesterday was a classic buying opportunity and those who didn't buy yesterday or sold, are regretting it today. The big picture is still a bull.

The number one factor next week will be the market's own internal dynamic. In other words, how much more momentum does the market have after going up 1,000 points in one month

It depends totally on their investment objective.

We have a very nervous investment environment. The excuse is bond rates are up and there is increased concern about the financial futures market, which appears to be predicting three more rate hike for the Fed funds.

This is normal and overdue. But we've probably not seen the bottom.

Wall Street likes it when Uncle Sam stands tall. Wall Street likes a little war when we're in the right. It makes us feel good about our country and ourselves.

Everybody knows that the economy is going to do better sometime, that the stock market will recover sometime. It's a question of when you are ready to make a bet.

The market was subject to a very normal pause to refresh. Why not Bonds have been up big. The market had been up big. We were vulnerable to good news, bad news, no news. The underlying bull market remains very positive.

The report was a sign that the Federal Reserve may not need to increase interest rates as high.

After four days of selling, a giveback of about half of the gains of the first seven days of the new year and a big increase in gloom, we look for a rally attempt.

On one side, we've got pretty good economic fundamentals. On the either side, we have all the problems that are keeping everybody depressed -- Iraq, Iran, the price of oil.

The bottom line is the market ran too far too fast, and we have to remove the excesses. Believe it or not, although corrections are no fun, they do improve the health of the long-term bull market.

Anyone who isn't worried about an attack on our homeland just doesn't have a pulse.

Second quarter earnings are going to be a very pleasant surprise. A quarter point increase won't even cause the economy to sneeze. It's so modest it will not be a factor.

The Michigan numbers stink, but its behind us. ..they (investors) are responding to the Presidents speech last night. They see Katrina as a terrible event, but people are already thinking about the business that its going to stimulate.

And the Fed is in business for one reason only, and that is to try and control inflation.

The bears just won't give and I love having bears out there. It keeps the market somewhat healthy.

The message of the market today is that there is a lot of money on the sidelines and that money was looking for a reason to buy. And the main reason to buy is that we're going up. Momentum builds on momentum.

The market has way overplayed concern over inflation, ... Greenspan did what he is supposed to do. When things look great, he has to look like he has an upset stomach. When things look bad, he has to be all smiles.

People are beginning to feel like the boat is leaving the dock -- there is a lot of money on the sidelines, ... The bottom line is we are transitioning from a bear mood to a bull mood, but it doesn't go straight up. Bear markets stink, but it creates very good opportunities for intermediate to long-term investors.

The performance of the major stock averages didn't make anyone happy in 2005. But when you consider what the markets had to contend with, treading water is not so bad.

The main impetus behind the selling was the employment figures. Even though we created 193,000 new jobs, which was less than consensus, the unemployment rate falling to 4.7 points out that the labor market is very tight and this has conjured up concern the Fed may not stop at 4.75 on Fed funds but maybe it will go up to 5.

The Nasdaq, which is largely driven by tech stocks, has soared 24 percent in the past three-week period, so today we're seeing some profit-taking as the market is refreshing.

Pfizer's a great company, great track record. The economy is slowing, so I think money is going to see defensive growth stocks like the pharmaceuticals and I really don't care what Al Gore thinks about supposedly big drug companies. We're going to have gridlock in Washington and there's not going to be any radical legislation no matter who is in the White House.

The bears are going to have another miserable day, and they deserve it. The economic news points out that the economy is slowing from the over-heated pace in the first quarter.

Investors are taking the easy way out they're sitting on their hands. The main confusion is a lack of confidence in just when the economy will turn up and the economy will improve. The prime mood in the market is one of no conviction.

There's been more blood being let in the sector than I've seen in long time. Everybody and their shoe shine boy knows we're highly valued in the sector.

The productivity number came in better than expected and there were fewer jobless claims than forecast.

The futures are flat this morning. We've had eight days of a good rally. The short-term momentum is still up for Wall Street but stocks are looking extended.

Consumer confidence is a blow-out number. It also ought to make people feel better about Christmas sales.

The market hates surprises. But we believe the odds substantially favor that the Fed will not raise interest rates next week, and that the market will take that as some degree of relief, unless they say something nasty. But basically we think we're into a good summer rally.

We need a mind shift to looking beyond the valley to the peaks ahead. We have to look at the history of the nation after it's faced other horrible disasters. We always come back bigger and better.

Investors will be focusing on Iran and any developments there, as it might have implications on the price of oil, and of course, the future of the world.

We had a very big celebration yesterday but there is still a lot of fear in the market. We got above 11,000 and now we're retesting it in a very normal pause to refresh.

We are in a market that is momentum driven with money chasing a few stocks, particularly Internets and high-techs.

Crank that into a market and it will drag lower than whale droppings at the bottom of the deep blue sea.

We've had a dramatic rally this year, and we're getting a normal pause today. The companies that are pulling back are the ones that have had very good runs. So far, that's the message of the market.

Right now this is a market based on sound fundamentals. I do not see any irrational exuberance. I see intelligent buying. Somewhere out there we will get into a blow-off stage but when that will come is totally unpredictable. Therefore, I'll worry about it when market action starts to change.

We have been and we remain in a very powerful bull market, ... in near term basis, the market has come long way in short period of time and odds favor a bit of a time-out in the next week.