It was a year of awakening for the new investor on Wall Street and it was a very quick and sudden reversal of fortunes for many. We ran the emotional gamut from total irrational thinking and perception to reality and capitulation. Last year's market did reinforce the notion that abuses and excesses are eventually corrected and eventually reach a level of overreaction -- and that's how the year ended. |
It will be one of those days where we wait and see and hope and pray that tomorrow's CPI data will not be taken with too much negativity, |
It's a conviction on the part of some that a lot of the stocks have reached such a downside level that they are discounting the worst of all scenarios. The enthusiasm is clearly restrained because the selling and anxiety continues so we've got a little short covering and selective buying. |
It's a function of anxiety on the part of investors. People are saying that capital spending is weakening and the commitment to longer-term capital has waned a bit. |
It's been a great ... run. The market needs a rest. |
It's been the good, the bad and the ugly, ... I think this period is still going to be ugly for earnings but the market has discounted it. |
It's been the good, the bad and the ugly. I think this period is still going to be ugly for earnings but the market has discounted it. |
It's equally distributed in Nasdaq. I haven't seen any particular catalysts. The front-line companies like Cisco, Intel, Microsoft, Oracle are still suffering from tax selling. |
It's funny to watch the evolution of an index that was relatively unknown for its first 15 years. If you really want to expose your portfolio to leading-edge technology companies, the Nasdaq has the bulk of those stocks. |
It's going to be a real interesting week. |
It's going to remain a war reflected week with a bit of economic news on the side. Clearly, this anniversary is not one to be cherished by many, but we should look at the conditions then compared to the conditions now. There is little hope of a recovery and little enthusiasm for a sharp profits increase. We are in the irrational fear stage, and understandably so. |
It's something of an uplifting experience for us in the investing community to see that companies really are taking their accounting seriously. An exercise that CEOs seemed to treat as rote and automatic is viewed totally differently. |
It's surprisingly quiet, which is a good thing after Friday's rally, ... If you look at the mutual fund inflows, there's money coming into the market and demand is still strong. |
It's surprisingly quiet, which is a good thing after Friday's rally. If you look at the mutual fund inflows, there's money coming into the market and demand is still strong. |
Money funds are still grabbing about 50 percent of share of the money that's coming into mutual funds, ... So I think investors are a little bit guardedly optimistic, but still a little concerned about the outlook in terms of the volatility and the economy, probably. |