Why Gamcos Howard Ward Remains Bullish for 2015

Howard Ward discusses his optimistic outlook for the stock market, emphasizing growth in earnings and GDP. He highlights the importance of economic confidence and critiques backward-looking valuation methods. The conversation shifts to the impact of cloud technology on traditional hardware companies, noting the challenges and potential future benefits.

What is Howard Ward's outlook for the stock market in the New Year?

• Concerned about potential market crashes

• Neutral with no significant changes expected

• Optimistic with expected growth in revenues and earnings

• Pessimistic due to declining revenues

How does Howard Ward view Robert Shiller's analysis of the stock market?

• He dismisses it as irrelevant

• He believes it is the only valid analysis

• He agrees with its forward-looking approach

• He acknowledges its historical validity but focuses on future projections

What is the primary focus of Howard Ward's stock market analysis?

• Short-term market fluctuations

• Current market conditions only

• Past performance and historical averages

• Future projections and forward-looking analysis

What impact has cloud computing had on legacy hardware companies?

• It has led to immediate revenue increases

• It has been disruptive, challenging traditional business models

• It has been beneficial without any challenges

• It has had no significant impact

What potential does Howard Ward see for legacy companies in the cloud computing era?

• No potential for growth

• Immediate and guaranteed success

• Potential future revenue opportunities despite current challenges

• Complete replacement of their existing business models