Apache -- I think you want to have some sort of exposure to energy, particularly going into the second half of the year. We're not going to have a winter like last winter, at least I don't think we will. And then some of the others, again, more conservative, but yet I think have upside potential, |
At some point we're going to get a pretty good rally and at some point, that rally will fizzle. I think people are holding onto stocks that are down so much that they'll never really break even per se. |
Because it wasn't a major news day, per se, it was also smart to open as quickly as possible. |
Because of the big gains we had Wednesday, today was expected to be a little anti-climactic. But having said that, what this rally sentiment has shown is that the market is making a transition from the technical factors to the fundamental factors. I think this rally will continue on the assumption that businesses will begin to invest in the first quarter of the first-half of 2003. |
Bulls have had a run of the market recently. But we face reality again in a few weeks, when everyone comes back after Labor Day. |
Cisco was an important building block. You want to start creeping back into the market, but wisely. |
Disappointment can go away faster than the panic. |
Don't forget, Mondays have become notoriously negative for Nasdaq and Friday's rally was on suspect volume. |
Even before (Thursday) most of the buying was focused on the Nasdaq, |
Everybody's worried about it (Cisco). Everyone is focused on guidance. They're going to have to be able to say we're going to grow anywhere from 30-to-50 percent still and we're going to maintain some of our capital expenditures. |
Everyone's still a little nervous about valuations. |
Fortunes can change and can reverse themselves and I think there is a lot of quality out there both in and out of tech. I hope investors aren't so cynical that they don't want to participate. |
Fridays have been the toughest day for stocks, ... We've been looking for a catalyst for the market in economic data. I believe this is a market that wants to trade higher. There's a lot of money on sideline that wants to commit. All they need is one sign. |
Historically, these types of declines haven't really been bad news for the market because they force the Fed to take action. |
Historically, we know that if they go down, they won't stay down very long. Remember America Online ( AOL : Research , Estimates ), and how people bought every time they had trouble? It's a classic buying opportunity. |