Peter Mancuso Quotations

We're getting back to fundamentals. I think you're in that type of environment. There's a better feeling in the economic world, and the market's just doing well. We started off shaky and just picked up by the close.

If we have had (a recession) or are almost out of a recession, you can see this light at the end of the tunnel. The opportunity for moves on the upside are pretty high.

I think you're looking out two quarters, maybe even three quarters before you start to see a substantive increase in earnings for some of these companies. That, to me, is in a nutshell what's going on in the markets.

I think things went comparatively well today (Friday). The market has said and (Federal Reserve Chairman) Alan Greenspan has said that the recovery is another quarter away, that it's going to be the third quarter, not the second, which is what people had been thinking.

I think the stimulation that (Federal Reserve Chairman) Alan Greenspan has given to the economy is starting to take hold. It's going to take us a little while, by the third quarter, maybe even into the fourth quarter, we may see things do better.

We've got so many cross currents competing right now, and we're in this trading range. And I think we're gonna have this volatile trading range for a while.

We keep getting earnings reports that are horrific.

We've had a startling reversal in technology stocks.

The shock is gone. It's over. People are focusing on the future.

You've had a major turn. I think the market's better, I think it's going to continue getting better, but that doesn't mean you're not going to see some pullbacks over the next three to six months.

The more you have the aggressive kind of buying you had today, the longer this kind of good market can continue.

Accounting and other issues are still overriding the market. There have been some reasonably good economic numbers but the earnings situation hasn't gotten as good as it could. You could make a case for the bull and the bear.

It's a brutal market. I've been doing this for more than 30 years and I've never seen anything like this.

It's been a good week and a good run. The attitude is absolutely 100 percent better than it was a few months ago. The whole feeling is different, and I think we've got enough skeptics to keep this moving along. ...The highs are higher and the lows are higher and I think that's really indicative of it.

I just don't know how far we'll be able to go with the Fed helping us out. At some juncture, the numbers as far as earnings are going to have to turn around.

I don't think anybody's looking at the Fed meeting because nothing's going to happen there for God knows how long. I think next week you're looking for a continuation of what we saw today... I think you just might get the feeling that there is some good news on the horizon and that the possibility of this market doing better is very, very high.

You can't really look at values, you can't really look at fundamentals; it's all about psychological reaction today.

You've got a market of emotions, and I think the emotions show us that the markets want to rise.

The markets took a rest Friday after a pretty busy week. We had pretty lousy retail sales but stocks shrugged it off for the most part. The market has factored in another rate cut next week. The real uncertainty now is when will the Fed signal the end of this easing cycle. We think that could be around the corner.

The market never faltered today, and it was a good close. But I think you're going to have this fog of war going forward. Also, we're not sure what direction we're going with the economy, and earnings are still spotty.

The market seems to have fresh life, fresh enthusiasm. Psychology is what this market is all about and when we feel good, we buy.