Action was impressive in the face of the continuing uncertainty in Iran, higher oil prices, and the Palestinian election results.
More Quotes from Al Goldman:
Pfizer's a great company, great track record. The economy is slowing, so I think money is going to see defensive growth stocks like the pharmaceuticals and I really don't care what Al Gore thinks about supposedly big drug companies. We're going to have gridlock in Washington and there's not going to be any radical legislation no matter who is in the White House.Al Goldman
A number of the high tech names are getting smacked real good. It was already a market where investors were nervous already. With the darlings getting hit, that raises the anxiety level.
Al Goldman
The bears just won't give and I love having bears out there. It keeps the market somewhat healthy.
Al Goldman
It was a surprise although we thought it was a 50-50 chance the Fed would cut before the January meeting. The Fed made a dramatic move today and it was needed. The Fed is now our friend.
Al Goldman
People are beginning to feel like the boat is leaving the dock -- there is a lot of money on the sidelines, ... The bottom line is we are transitioning from a bear mood to a bull mood, but it doesn't go straight up. Bear markets stink, but it creates very good opportunities for intermediate to long-term investors.
Al Goldman
This is normal and overdue. But we've probably not seen the bottom.
Al Goldman
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Edith Wharton
There are more ways of skinning a cat than rubbing its fur the wrong way.
J. Carter Brown
People that are conceited of their own merit take pride in being unfortunate, that themselves and others may think them considerable enough to be the envy and the mark of fortune.
Francois de La Rochefoucauld