I expect we will be seeing those kind of normative gains next year.
More Quotes from Douglas Altabef:
We're seeing the reality of a market that does not have any great conviction. Anyone who expected a linear, 'We're off to the races' kind of tone after last week was mistaken.Douglas Altabef
O'Neal has a good sense of where the business focus should be. He's been able to take advantage of a good business environment.
Douglas Altabef
This is not an expensive stock. We think Merrill certainly has a significant amount of upward opportunity.
Douglas Altabef
The forecasts for the second-half of the year for the most part seem to support a recovery, but to some extent, that's already priced into the market, so you're not seeing that much stock reaction. There's not a lot of conviction and some people will take profits. But I think there will continue to be a moderately upwards bias for the remainder of the year.
Douglas Altabef
We were going to have a knee-jerk negative reaction to the Fed's decision no matter what, with so many different opinions on what should be done, but I think today, it may be that people are looking more closely at the statement and see it as the Fed saying things are slowly going in the right direction.
Douglas Altabef
The CA investigation is an ongoing thing. They've had problems long before accounting scrutiny was fashionable, so the impact of that is muted. There is the sense that the market wants to shrug off the bad news.
Douglas Altabef
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