There is improving confidence in the durability of this Nasdaq rally,
More Quotes from Andrew Bell:
To keep the spending momentum going beyond the holiday period I think shops are going to have to discount quite heavily so I would sell the retailers into the current rally.Andrew Bell
Bond markets seem to have decided that perhaps there is a bit too much growth, not so much that they're fearful of a big break up in inflation ... but that central banks are going to keep chipping away at the foundations of cheap money.
Andrew Bell
The market is only trading on about 13 times this year's earnings, which is hardly suggestive of irrational euphoria, and growth is still coming in quite strongly. I think there's an expectation that there will be further bid activity during the year.
Andrew Bell
What we're seeing is people banking enormous profits in these stocks.
Andrew Bell
Well, what I would be looking for and what judges look for are aerial tricks off the water, ... They are judged on technique and variety. Basically, each trick they throw gets two points.
Andrew Bell
Markets are more confident that the central banks and G7 governments are determined to underwrite a recovery for next year. As the shockwaves of last month's events subside markets are backing that with a bit more confidence.
Andrew Bell
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