Fundamentally, I think the stock market is fairly valued, but there are a lot of issues around that are causing investor concern.
More Quotes from Jack Ablin:
Any bad news can throw us, and the jobs report was perceived as bad news, seen as a sign that the recovery is fragile, but that's not necessarily true. In the last two recessions, a pickup in employment only happened a year after the recession had ended. So just because unemployment is higher doesn't mean we're not on track for a recovery.Jack Ablin
We're no longer in a buy-and-hold environment. You have to be much more active in sector allocation. That's where the future of this business is going.
Jack Ablin
After looking at the employment numbers, there is no doubt in my mind that the measured language remains. Knowing what we know now, there's no pause in 2005.
Jack Ablin
The projected job growth number would mark a pretty strong snapback from the previous month.
Jack Ablin
I don't see any last-day-of-the-year rebound. I think it will be more of the same tomorrow.
Jack Ablin
Generally, Wal-Mart can give real-time data faster than the government, because they can just pull this off their cash registers.
Jack Ablin
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