That really says investors are getting impatient with the turnaround in the technology sector.
The big question is whether (the gains of April) were the beginning of a sustainable rally. My sense is it's probably too soon for that.
The Dow is more a barometer of the economy and not so much the stock market. The photography sector isn't all that crucial to the economy.
The Dow would be trading noticeably higher,
The earnings rebound keeps getting pushed out further.
The issue is: Things can't get any better for the group.
The silver lining is that may have compressed the pain.
There has been turnover of more than a third of the companies in the past few years. I don't think there is any pressing need to make more changes right now.
There is a distinct possibility you will see more very large tech companies paying a dividend. It's a reflection of the continued maturation of these companies,
There's going to be a realization that corporate profits will be improving.
There's increased speculation that the Fed will be cutting interest rates between meetings.
This thing has come pretty far, pretty fast.
Those [stocks] are the ones where you haven't had any pre-announcements.
To me a broad-base rally is what you need right now. Breadth like this is good because it means people are willing to put money into a variety of stocks.
Valuations are getting stretched, especially in the technology sector. There may be some recovery in the economy, but the notion that it will translate into a big jump in corporate profits - the jury is still out on that.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.