IBM is the story of the day. The reality is that we are in a bull market. We had two days of correction. The market was ready to resume the up trend.
We have been and remain in a bull market,
The bears are screaming that the market is too selective,
You are seeing some very normal profit taking in the high-techs. The only question is whether it is going to last a couple of days or a couple of weeks.
You are seeing some very normal profit taking in the high-techs, ... The only question is whether it is going to last a couple of days or a couple of weeks.
The two main wet blankets on the mood of investors right now are the price of oil and bond yields.
We're in the process of making a bottom but probably not at the bottom. After the damage done to people's psyches, my guess is we'll get a bounce, but then spend a month backing and filling in this general area.
The correction is over and we've started the summer rally,
You have to put the declines in perspective. This bull market has been going on for 38 months and it can't continue to rock and roll day in and day out like it used to when it was young and had lots of energy.
I think we've had the maximum emotional impact from Asia, ... Fundamentally, we haven't had the maximum impact and this is one thing that can cause the market to take an overdue pullback.
