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Letter "J" » Joseph Battipaglia Quotes
«Lower interest rates increase discount financing for consumers. Also, the Republican sweep of the Senate and the House last week is construed as a positive because it's also seen as a win for market-friendly fiscal policy ,»
Author: Joseph Battipaglia
«The market is struggling for new direction. Each new piece of information on the economy is giving mixed signals,»
Author: Joseph Battipaglia
«But if you step back, it seems to me that we're still in the trading range we've been in for some time. There's still the push and pull between rising earnings and rising interest rates.»
Author: Joseph Battipaglia
«We're in this transition period right now, getting ready for interest rates to start rising, which will happen June 30, and for second-quarter profit reporting season to start, which will be early July, ... Those things could get the market going again.»
Author: Joseph Battipaglia
«There are two things that got this rally started late last week -- short-covering and an expectation that this (war) action will be brief, ... If this war is executed right, you could see a bounce off the action, but it's going to remain volatile this week with so much up in the air.»
Author: Joseph Battipaglia
«I think we've seen the lows and we're steadily going to build momentum for a stronger market,»
Author: Joseph Battipaglia
«Clearly, it's all about the economy. The consumers are doing their part . Now the business side has to come along, too. That's why today's soft ISM number was so disappointing.»
Author: Joseph Battipaglia
«The rally over the past five weeks needed confirmation in the data that the economy is coming along. As long as that data remain inconclusive, the market will be dominated by sellers.»
Author: Joseph Battipaglia
«Oil prices at these levels are providing all kinds of dislocation issues for stocks. Earnings and the economic data are O.K., but with oil where it is, the market is unable to make a decision, long or short, and there's certainly no real catalyst for buying.»
Author: Joseph Battipaglia
«You have some good economic data, but I think everyone is still trying to figure out what the post-Hurricane Katrina environment is like, ... For now, the fundamentals look strong, but that could change in the next few months as the distortions caused by Katrina come through in the economic data, and that's what has people holding off.»
Author: Joseph Battipaglia
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