We are going to be facing some major choices as we go through the budget process, |
We suspect that right now we are in the midst of what is a normal 10 percent correction. This is normal market volatility that people aren't really used to. A lot will be driven by the releases on the economy at the end of next week, namely the employment number. |
We think that there's a little bit of profit taking [with General Dynamics], maybe some of the momentum guys that are coming out of this name a little bit. But we think you want to have a position in your portfolio in the defense sector. It's the name we like best in that area, |
We took a piece of information last night coming out from Dell Computer that six months ago might have had the market down and chose that as a catalyst to rally. |
We were overdue for a bounce after some very oversold conditions. Maybe we are getting to a point where the market is beaten-up enough. |
We would still buy it at these levels, ... The stock has excellent earnings momentum right now. Great product pipeline. So, this is a stock that we'd still want to be involved in. |
We're always a little worried about a few things. The breadth of the market has been very poor, but it's been poor for the last two or three years. Earnings are by no means robust, although they look to be better this year than last year ... (and) oil prices certainly could be a negative. |
We've all been conditioned to say, 'lower interest rates, higher stock prices, better buying opportunity,' |