Short term, technology has had a sharp technical rebound so I wouldn't be surprised to see technology take a breather. Consistent steady growers could be making a rebound like consumer stocks and pharmaceutical stocks that have had a poor month.
More Quotes from John Forelli:
We really have a diversified portfolio of cheap stocks with improving fundamentals, ... That's really our mantra of the fund, and we want to make sure that we're participating in all segments of the market so that we can give our investors consistent returns over the long run.John Forelli
You say to yourself that the second and third quarter are going to be the bottom when it comes to earnings comparisons, ... If you're an optimist, maybe now is the time to start buying.
John Forelli
We're going to have awful earnings reports for the second and third-quarter so we have to brace ourselves for that. To make a sustained rally, we need to see economic news and earnings news start to turn positive and we don't see that happening until the fourth quarter.
John Forelli
One analyst suggested the early gains were unwarranted and not supported by the day's economic data. Maybe it shouldn't have been (up), ... We're not expecting to hear any good news from any companies.
John Forelli
People are really starting to worry about earnings again. This is a pattern that started in September when the tech market started selling off pretty hard. We're going to have a tough quarter it's hard to see what will get people excited about the markets over the next couple of months.
John Forelli
Yesterday people were euphoric that the Federal Reserve would stop raising rates, but now people are maybe scratching their heads a little bit.
John Forelli
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