98 ordspråk av Tony Dwyer
Tony Dwyer
We've had a market where negative news on the economy and the corporate profit picture have dominated. Companies may have beaten lowered estimates, but we're expecting weak economic reports this week.
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What you really need here, more than the mumbo-jumbo and formulas, you need time. You need a restoration of confidence, and that takes time.
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What's important for investors to realize about the Dow is it's not just steel stocks and industrial-related stocks. There are growth stocks. There are financial, entertainment and industrial stocks. So when one sector isn't doing well, another sector may be doing well. And that's exactly what's propelling the Dow.
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You can't get in when you need to because it spikes too quickly, and you can't get in early because of this continual grind lower.
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You don't know how this is going to end. No kidding we're going to win, but how are we going to win? There's nothing to do but just sit on the sidelines and pray.
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You would imagine that after a 19 percent gain in Nasdaq and after people thinking about it over the weekend, that they'd be out there selling. But it ain't happening.
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You're telling me an institutional manager is going to start buying because he sees a WorldCom exec going to jail, ... I'm not buying it. Hopefully, the process is a little bit more in depth than that.
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You're telling me an institutional manager is going to start buying because he sees a WorldCom exec going to jail. I'm not buying it. Hopefully, the process is a little bit more in depth than that.
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