David Sowerby Quotations

We started the year at $42-a-barrel oil - that was a concern, but we could get past it. When we crossed $60, I don't think anyone could question what $60 is going to do to retail sales.

Kmart is like the phoenix. It's rising up again. I wouldn't be surprised to see one or two more firms pick up coverage of the company.

I think it is still a classic 'show-me' stock.

I think the market is anticipating today that the Fed is getting closer to the end of the tightening rather than early in the ball game, and that is one of the principal reasons why financial stocks have rallied not just yesterday ... but as much as 25 percent in just the last two months.

I think the economy will surprise us on the upside because of what the Fed has done.

We're long on autos, short on oil stocks.

This year's intense competition in the auto industry has also inspired new display designs for 60 percent of the exhibits this year.

Tech stocks are on the sale rack. Unequivocally, investors are bargain-hunting.

They have moved incrementally in the right direction on the cost side. There is still a greater uncertainty on the revenue side. Just look at today's weaker sales numbers.

There's a significant amount of dollars that are invested in the passive S&P 500 index approach or exchange traded funds that mimic the S&P and because Dana's dropped, there will be additional pressure on the stock.

It's more and more the sobering acknowledgement that the industry is significantly challenged.

Nothing has changed in the last 30 days, other than the market itself to dispel the tremendous amount of earnings growth that is taking place in technology. It's just up to the investor to decide to what degree do they want to participate.

I'd give Michigan stocks a C-. U.S. stocks didn't do much better.

The end result is a ho-hum year for the market.