Richard McCabe Quotes (14 Quotes)

One of the real problems as an actor is dealing with how you feel on any given night.

On the way up in the spring you may recall the Dow went above 10,000 near the end of March and it was almost an anticlimactic event. Most of the gains were behind the market and it went higher in the spring, but really most stocks began to top out in April and May. It may work in the same away on the down side, breaking 10,000 might have a psychological impact that gets people more bearish,

What's going to happen is that unless the advance broadens out to include more stocks, the advance may peter out by early April, maybe a little above 10,000, ... I think we might see some kind of pullback in the spring that might particularly effect these very extended large-cap, blue-chip stocks that are driving the Dow and the SP.

I really doubt the spring recovery trend is over.

People may see this comeback as unusual, McCabe adds, but it is actually what has happened historically. ... So all the fears of Sept. 11 are leading to a bottom and may be turning around the bear market of the past two years.

I would still be very, very careful, ... There may still be some dips before we get into an advance. Things are getting better but we may have another few weeks of backing and filling -- investor sentiment still shows some complacency about risk.

A lot of those stocks really were a little bit extended. Any slightly bad news is a reason for them to come down. And many here had that experience.

I think in the next week or two, we may get a little pullback or reaction, maybe a 3 or 4 percent setback from the recent highs on the averages, just to digest the last phase of gains before we move higher in March and April.

Technology stocks could possibly come down more. I think they still appear to be vulnerable, including some of the Internet top stocks, including some of the stocks in the software field.

If you are feeling something, then Shakespeare felt it and wrote about it - and wrote about it so eloquently.

I think it's all part of the bottoming out process that the market average have been going through since mid-April,

It is strange how your understanding of a play changes. It normally happens after a performance and you suddenly think, 'So that's what that line really means' - it's like a light going on.

The Fed is still likely to tighten at least two more times - probably 25 basis point increases late March and early May, and then they will take a look and if the economy is still has not slowed down by the late spring there could be further tightening.

While the recent moves of the market averages may be discouraging, we would not lose hope.