Quotations
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Brett Gallagher Quotes
«There's been very little investment in infrastructure at these companies over the past decade -- tech was sucking up all the capital, ... Demand is picking up and you have this big, new demand from China, which is pulling away supply that might otherwise have headed to the United States.»
Author: Brett Gallagher
«I think the market is just biding its time, and we're going to have these back-and-forth days.»
Author: Brett Gallagher
«We're not proud of it.»
Author: Brett Gallagher
«After a big up day like you had yesterday, you have to have some digestion. Once things run up by a big amount, then investors have to step back.»
Author: Brett Gallagher
«Today's earnings quality is less than in the past.»
Author: Brett Gallagher
«What we're probably getting in the U.S. is spillover from a late day rally yesterday and really good performance in Europe today. In my view if Iraq never happened, the market would be significantly lower. I think the uncertainty has held up the market. The fundamentals are terrible.»
Author: Brett Gallagher
«Everyone is afraid of getting left behind when the war ends, but once investors begin to turn their focus to fundamentals, stocks likely won't be able to hold these levels.»
Author: Brett Gallagher
«This is a market that has no confidence. Corporate confidence is shot, confidence in earnings is shot, and confidence in Wall Street analysts is gone. Only time is going to heal that.»
Author: Brett Gallagher
«I think that the IBM numbers in particular are going to be important. The chatter that I hear is that Microsoft should beat, but IBM is more mixed. So if IBM beats, that might drive the market higher.»
Author: Brett Gallagher
«We've seen more bad news than good news on the economic front over the last few weeks, but the market has been trading higher. Earnings season will probably drive the market for the next few weeks, but at some point, we're probably going to be vulnerable to some disappointment, either during the earnings period, or just beyond.»
Author: Brett Gallagher