One of the real problems as an actor is dealing with how you feel on any given night. |
Technology stocks could possibly come down more. I think they still appear to be vulnerable, including some of the Internet top stocks, including some of the stocks in the software field. |
The Fed is still likely to tighten at least two more times - probably 25 basis point increases late March and early May, and then they will take a look and if the economy is still has not slowed down by the late spring there could be further tightening. |
The market has been trying to stabilize but it hasn't shown much life yet. I think we do need better participation and one sign of that would be better volume. |
The prospects appear to be favorable for a 'year-end rally. |
The technology sector likely will [recover], but it is not likely to revive the speculative situation we've seen over the last few months, |
We expect that a cyclical decline will unfold in 2006. |
We may spend most of September going sideways, |
We think that investors ought to use rebounds to reduce exposure to technology stocks that have declined by 40-to-50 percent or more from their recent highs, ... They should also use pullbacks or tests to increase commitments to the energy, basic industry, consumer cyclical, and financial sectors of the market. |
We think that investors ought to use rebounds to reduce exposure to technology stocks that have declined by 40-to-50 percent or more from their recent highs. They should also use pullbacks or tests to increase commitments to the energy, basic industry, consumer cyclical, and financial sectors of the market. |
What's going to happen is that unless the advance broadens out to include more stocks, the advance may peter out by early April, maybe a little above 10,000, ... I think we might see some kind of pullback in the spring that might particularly effect these very extended large-cap, blue-chip stocks that are driving the Dow and the S&P. |
While the recent moves of the market averages may be discouraging, we would not lose hope. |