They already made an investment decision prior to the rule change being official.
More Quotes from Alan Skrainka:
Albertson's is truly a value stock, the third-largest grocery chain, with a very stable predictable business with 29 years of higher earnings. The stock was really clobbered since they announced a merger last year that didn't quite work out. But it's still a wonderful company, at 10 times earnings.Alan Skrainka
There's still a lot of concern about slowing personal computer sales and reduced corporate information technology purchases.
Alan Skrainka
I think people placed bets today based on (the data). By buying stocks today, you are assuming we won't get bad news tomorrow.
Alan Skrainka
It's (Johnson Johnson) very reasonably priced, relative to its prospects, and while JJ may be at a yearly high, again, we think it is pretty close to its five-year low, if you are talking about the next five years.
Alan Skrainka
Techs were hot and everything else was not on confusion about the future of interest rates. When the interest-rate picture is cloudy, the focus turns to earnings. And earnings in the tech sector have been good.
Alan Skrainka
The war phase in Iraq seems to be winding down. I think in the months ahead consumer confidence will improve. It's a mistake to just look at the short term. I think it's more important to think about the third and fourth quarters.
Alan Skrainka
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