Phil Dow Quotations | Page 2

My sense is that January is going to be critical this year and I think you can see a good beginning to the month. I think you can see a positive January and my guess is that's how you're going to see money invested -- early and strongly.

Next year people will still be cautious. At the same time I anticipate corporate earnings and economic growth will come in better than expected,

These software warnings have got people thinking that companies aren't spending their wads of cash. There may have been some unrealistic expectations, so I'm waiting to see how the rest of the tech sector does.

From a cash flow standpoint and a value standpoint, the stock is quite attractive, ... I think those are all compelling arguments for long-term ownership.

The main problem is things keep getting worse in the technology space.

This is the first evidence that things might be better than they thought, and I think traders don't quite know what to do. I think we've been conditioned to bad news -- it's like a beaten-up prize fighter. I think it's a dangerous time to look for more of the same, meaning looking for more negative.

You're going to see a lot of companies voluntarily take the smoke and mirrors out of their business, ... We shouldn't expect to see an immediate recovery, but eventually people will regain confidence.

I think most folks are under-diversified, and I'd like to see more names in a portfolio,

Once we get over the shock of the headline, I find it hard to argue that this is a negative.

This could be one of the more important positive tailwinds for the market,