There's still a lot of concern about slowing personal computer sales and reduced corporate information technology purchases. |
They already made an investment decision prior to the rule change being official. |
This economy is facing a temporary setback. What it's going to take is time. |
We are not seeing the big slowdown but we are seeing some weakness around the edges showing the medicine is starting to take effect. And I don't think it's just psychological. |
We feel we can do a service to our customers if we just get the overall trend right. We don't really practice technical analysis or try to guess the price points next week. But the trend does look like it's higher, because the Fed now is probably shifting into neutral earnings are very strong. And because the Fed acted promptly they ensured we would have another year of solid growth next year. That is what the market is anticipating. |
We may be entering a recession here. So if I owned a small business, I would pay very close attention to controlling costs and develop a contingency plan. |
We think it's time for investors to be cautious about technology stocks. |
We think they do have a great pipeline in the areas of cardiovascular, cancer and AIDS. These are the fastest growing areas in the pharmaceutical industry. |
We think this bull has legs. |
We think, in the short run, psychology drives the market but in the long run, fundamentals drive the market. We see very low inflation and no inflationary pressures. We think, going forward, expectations have come back down in line with fundamentals and we won't have the pressure of Fed rate hikes over the next 12 months. |
What you have going on in this market is a flight to quality, which is the blue chips, as tech stocks are priced to perfection. |
You're seeing a return to traditional measures of value as investors become more focused on things like (price-to-earnings ratios), interest rates and earnings. |