Art Hogan Quotations | Page 2

We didn't see any changes in his game plan and that is clearly good news for stocks at this juncture.

The overall passion for Internet stocks is carrying over to the index itself,

What we've gotten, in terms of economic data and earnings, is no sense things are picking up ? they're (investors) afraid of another ledge to go over,

We opened up the floodgates of bad news. The good news is, a lot of this is behind us, and we probably overreacted on the downside.

We opened up the floodgates of bad news, ... The good news is, a lot of this is behind us, and we probably overreacted on the downside.

We're keeping our fingers crossed that we'll continue to see signs of (economic) stabilization, ... The economy is key and will be the catalyst to get people off the sidelines.

We're not getting a lot of companies that are doing cartwheels about the second half in terms of IT demand. In terms of where we stand, getting out of the second-quarter earnings reporting season, moving on with business as usual, is probably going to be a healthy thing.

We still have a flood of money coming into technology at the expense of these old-economy stocks. If you look at the sectors that make up the Nasdaq they are sectors that are the hottest in our economy.

Today was one of the days where everything was negative. The market did hold in there pretty well, though. We're finishing up the week showing how much volatility we should expect over the next few weeks. We should be pleased we ended up where we did because it could've been a lot worse.

Today wasn't much of a day. There was a lot of positive news and the economic data was good, but the reaction was a very quiet, almost muted one. Tomorrow may be even quieter in terms of volume as we approach the end of this holiday-shortened week.

The decision being expedited is good news, ... There's light at the end of the tunnel.

We should shrug this off and realize that this is the best fourth-quarter earnings we've seen in years,

We shouldn't get too far ahead of ourselves in terms of an economic recovery, ... I think the debate will become much more macro-economic instead of the micro focus we have had.

There are a lot of headwinds right now,

We are starting to see (economic) stabilization and, I think the fact that the Fed didn't make a move speaks to that.

The problem is that terrific news on inflation is not what we need right now, ... We need terrific news on the demand side of the economy. The economy hasn't stabilized yet so we don't have any great need to buy stocks.

This was a nice way to start off the new year. A lot of this was driven by the fact that the Fed confirmed that end is in sight. We've held onto the belief that when the Fed ends that stock prices will go up. We'll still have rate hikes but the market is celebrating that we'll see an ending sooner than later.

When you have a low volume Friday selloff, you'll sometimes see the bargain hunters come back in Monday.

With declines three days in a row, you know it must be earnings season,

When the Federal Reserve is in a (interest rate) tightening mode it's difficult to get excited about old economy stocks,

When the Dow was doing its swan song yesterday (Thursday), the money was staying in the market and rotating into tech, ... That's the first time that's happened this year and that's good news -- folks are changing their minds about the sectors but they're staying in the market.

We had some relatively positive news for the markets, the first positive news we've had for some time, ... Plus, we are very oversold after ( Wednesday's ) action.

Unfortunately, everyone else is guilty by association with Procter missing (its earnings estimates), and everyone worries about who else in the Dow will miss, ... I think it's a clear sign of investors' overreaction.

Fifty-two percent of the households in America are invested in the U.S. stock market and they want to invest in the things that had 70 percent growth last year, ... As long as the money keeps flowing into equity mutual funds and they are targeted toward Nasdaq stocks, we are going to see this go on for a while.

We need to see the light at the end of the tunnel with the Fed. That's the major catalyst holding us back right now.

We need to see more than the 1,000 jobs added last time. You want to see closer to 200,000 jobs added.

We had a terrific week last week, ... Investor sentiment has shifted to people not wanting to miss out on any strength. There's a lot of cash on the sidelines.

We've had a lot of bad news today -- the economic data, Cigna and the insurance sector is doing poorly, a bunch of companies missing estimates or warning -- but this is a market that really doesn't want to sell off,

We've had a few good days and the only economic number we had today was the jobless claims, ... People are starting to get nervous -- if the jobless claims look like that, what will the unemployment rate look like, and that's the driver.

There is not a hand-in-glove relationship necessarily with the jobless claims and the payrolls number, ... We're still pretty upbeat.

We've got a lot of economic news between now and the next Fed meeting in May. The path of least resistance is higher, but there's a bumpy road.

We've priced to perfection, so you're going to have a little bit of a retrenchment,

What Goldman is saying about Sun and EMC is IT (information technology) spending hasn't picked up that much, ... But we're more concerned about the economic recovery, so the data will probably play a larger role.

We expected it to happen by the end of the year, certainly not in the first quarter. The last thousand points have really been at breakneck speed.

We're going through a very news intensive period this week and the focus of all of that is slowdown of revenue growth going forward, but we're probably overreacting, ... We get great numbers, but looking forward we don't have the robust growth -- so people are calling into question valuations.

We have extremely large concerns about inflation, high interest rates and high energy prices, ... There is great concern that we don't know how much earnings growth will decelerate over the next two quarters.

Concerns about higher interest rates and the yield on the 10-year note may keep stocks on the south side again this morning. The higher yield ... acts as a tax on corporations, and it may also attract money to the bond markets from equities.

Arguably, Nokia's news isn't good, ... If we were rallying on Nokia, it was a little questionable on its reasoning.

During earnings, we're often in a trading range, and I think we still are right now. We've got 100 members of the S&P reporting this week, a lot of economic news and the Fed tomorrow, so for the market to go sideways a bit is not a bad thing.

The revisions are in the right direction, but there's still some softness in the manufacturing sector which keeps the Fed on watch in terms of interest rates, ... It's sort of an 'in line' number, but not really closing the door to keeping the Fed aggressive with monetary policy.

There's just no conviction to get back in, ... Right now we're in all-bad-news-all-the-time mode.

The whole issue goes a long way in showing how dangerous an investment the sector is, ... You can have one regulatory setback, one clinical trial or negative development for a drug, and you see this kind of impact.

The winnowing down of ideas is beginning to happen.

These are terrific numbers, absolutely great, a much needed breath of fresh air for the equities market.

The rhetoric from the meeting will be the most important catalyst,

The rumors of the Dow's death has been much exaggerated,

The season started upbeat and that was terrific. That helps the overall consensus that the second quarter (reports) will be rosier.

The second quarter is lining up to be another good quarter but people are looking ahead to the third and fourth quarters. Barring any major upsets on the earnings calendar I'd say the market is pretty range bound.

Technology stocks typically tend to provide leadership in mid-cycle recovery, and I think that's where we are,

(Techs) had such a terrific run for the past two weeks that I believe some people are taking this opportunity to take some money off the table and invest it in the 'old economy,'

Telecom stocks should get plenty of attention on Wall Street. BellSouth could get a competing bid and we're probably going to see more deals as consolidation in the telecom industry continues.

Of course, when you have a marquee name like Microsoft disappoint, it's hard to sit up on good news.

Compaq is weighing down the Nasdaq, but we're getting a rotation into Dow stocks, ... It (the election) got so petered out after 35 days that it was hard to get much of a reaction.

Depending on what day it is we focus on earnings, we focus on the Fed. We have to get the Fed behind us before we really pick a direction. I think that direction will be higher, but not until next Wednesday.

An overly robust economy came to a screeching halt, so there's much more of a backlog of production capacity and inventory,

As fearful as investors were nearly seven weeks ago, they're afraid of missing the bottom, so that's why you see the violent moves to the upside. But we still have to get through October,

Bargain hunters came out and turned things around.

This is definitely good news, ... Six out of the previous eight PPI reports have been higher than expected but the corresponding CPI reports have not. That means that we're not seeing the creeping effects of inflation passed on to the consumer.

This is not unlike the five percent to 10 percent correction a lot of people were calling for in the beginning of the year. You have an absence of corporate and economic news and clearly people are trying to rationalize valuations.

The way the markets have been trading this year,

This euphoria is probably going to wear off for the Nasdaq and Dow coming into tomorrow.

They were less forceful in their rhetoric and that shows a little light at the end of the tunnel, ... Clearly they're at a point where what they say is more important than what they do and that's playing itself out in the equity markets.

This is a delayed reaction to the Fed's rate cut and it was good news, ... It looks like investors are participating.

A lot of people assume that what's bad for Microsoft is bad for technology, and that's what's hurting the Nasdaq,

Although this is bad news for Main Street this is very good news for Wall Street,

A lot of that rally had to do with the ISM (Institute for Supply Management) number, particularly the employment component, with people hoping that in turn, Friday's monthly report will show a higher number of payrolls than what people are expecting.

A lot of program selling kicked in, especially on the S&P 500 and those quickly turned to buy orders.

You don't get a ton of people making huge bets ahead of the Fed meeting, ... There's little corporate news and no economic data, so I think you'll get some bargain hunters here.

There was clearly a disappointment in the rhetoric from the Fed. It's just a buyers strike.

There were no surprises and we had already priced in a 50 basis point (half a percentage point) move, ... We didn't exactly turn on the floodgates but we went from anemic volume to trending higher.

This may be a very volatile trading session. The market wants good numbers, but an exceedingly good report may lead to further rates increases, and that's not good for stocks. On the other hand, a bad report on top of disappointing earnings, could spark another sell-off.

They're (Intel) not citing problems like currency or raw material costs; they're citing demand, and that puts a spook in all of the markets, ... There's a little bit of a flight to safety and Hewlett is a news-related purchase.

There's a lot of improvement priced into the earnings, and provided we see confirmation of that, we should be able to keep gaining over the next few sessions, ... But if another major household name -- like GE last week -- were to disappoint, you could see some selling.

There's been this tug of war all day between factors like falling oil prices, more negative than positive economic news and everything going on at GM,

There's been plenty of reasons to sell stocks today.

There's been a slew of positive data in between.

There's certainly not one thing you can point to and say 'this is because,' ... It's company by company.

There's a lot of trepidation out there about earnings, ... A lot of times, the complexion of markets is what the household names are doing. A couple of weeks ago it was about IBM ( Research ) and Apple ( Research ). Today, it looks like the focus is on Amazon, and that can shape the market -- at least in the early going.

There's an unbelievable number of reports coming out, any number of which could move us one way or the other, ... If we have a blowup in the jobless claims, and it goes above 400,000, if the consumer sentiment number doesn't confirm today's consumer confidence number, you could see some selling.

Abercrombie & Fitch and American Eagle seem to have really nailed it. They have great popularity. They've hit a great line, both moving in the right direction. We see great upside for the next year in both of those names,

It sends a signal that the U.S. economy has weathered some pretty harsh storms over the past few years and in recent months.

It's earnings pre-reporting season, ... I'm guessing that a lot of the worst is behind us is going to come out in commentary. Unfortunately it is going to follow numbers that are just as bad as the first quarter.

It's a 'buy on the rumor, sell on the news' type of market, especially in the telecom and tech sectors,

It's a good day for the market, ... It's a great boon for the economy when you've got more than $70 billion in M&A activity (mergers and acquisitions), and these companies are making these moves because they think the economy is getting better.

It's a pack mentality, ... If LSI is showing a revenue slowdown, then we're going to sell everything that is related to semiconductors -- and that's why Intel is down.

It's a lagging number that will have two revisions. There were no major surprises. Economic data will still move this market, but this isn't one of them.

It's two times oversubscribed. That keeps a lot of cash on the sidelines.

It's the sexy sectors -- tech, biotech -- that are behind the explosive growth, ... Everybody wants to be a part of that.

It's the first time we've seen a change of verbiage in the last 10 meetings or so, ... We're now a couple of meetings ahead of when they'll stop tightening.

It's that ongoing fear of slowing. It puts into words what you don't want to hear. Investors are heading back to the sidelines for a bit.

It's an oversold bounce, ... After you get oversold, you have a reflex rally, and that's what we're seeing now.

It's another piece of the ongoing trend of a slowing economy, ... The credit tightening cycle is nearing an end and we have the equity markets celebrating that.

It's going to have a lot of volatility in the market place.

It's good news because it shows there's no creeping inflation. And the Fed is not worried about inflation. What they care about is the manufacturing side of things, retail sales and consumer spending.

It's good to remember that it's the consumer that's going to turn this economy around -- and if the consumer is out there spending, that's a good sign,

The biggest fear is earnings going forward, ... All the consumer non-durable multinationals are going to have to warn about the ill effects of the strong dollar versus the weak euro, but that's cyclical.

Not to be heartless, but this is very good for Wall Street, ... And I think that is why we are seeing this market take off in the early going.

The bad news is stuff that we know about -- it's Corporate America, especially on the technology front, letting us know they're not going to make their numbers and we knew that was going to happen,

That gives us a lot of trading time, unfortunately.

It's distressing how slow it's been this particular summer season,