Abby's done a great job, ... I think she's fine-tuning it a little bit. |
Again, my definition of correction here is short term and this correction is in the context of a long-term bullishness, |
Again, my definition of correction here is short-term and this correction is in the context of a long-term bullishness, |
As we sit back and digest these volatile days, one thing definitely comes to mind -- and the word is rotation. As long as we can see money move from one sector to another, that is constructive. Hence, stock selection is key. |
At this very early stage of an attempt to put in important lows, we cannot rule out additional setbacks and volatility. Normally, time and price stabilization are necessary for the market to put in a meaningful bottom - the backing and filling that is currently taking place is part of this process. |
Be aggressive because we believe that this summer season will be a very exciting and bullish affair, |
Capitulation isn't a one-day phenomena. I'm in the camp that you have to get a wash-out and I'm telling investors to rotate ? the world doesn't revolve just around technology stocks. |
Everybody's nervous (about a correction), but this is going to last a while. We'll go a lot higher between now and the end of the year. |
Expect more of the same choppy activity as the Dow meanders around the 10,000 level. Unfortunately, the leadership is expected to remain very narrow as the negative (market) breadth problem continues. |
I don't want to fight the Fed. But where are they? |
I have not changed my opinion on blue chips this correction creates a buying opportunity. (But) if you talk about other averages, like the Russell 2000, they look terrible. |
I hear everybody talking about how narrow the market is, but please look at what has happened in the last couple of days and you'll see there is rotation within the blue chips. You're getting technology and even getting a few of the small mid-cap stocks participating. It's feeding itself and I think it bodes very well for the long term. |
I just want to tell everybody, don't expect tech stocks to go back to the old highs. |
I raised my forecast to at least 10,000. And the reason is -- the market is so powerful internally It's very impressive. My advice is -- get in!. |
I raised my target for the Dow to just over 12,000 in July and I still think that's doable, ... This is a very different animal. Buy the dips. |