Fifty-two percent of the households in America are invested in the U.S. stock market and they want to invest in the things that had 70 percent growth last year, ... As long as the money keeps flowing into equity mutual funds and they are targeted toward Nasdaq stocks, we are going to see this go on for a while.
More Quotes from Art Hogan:
We need to see more than the 1,000 jobs added last time. You want to see closer to 200,000 jobs added.Art Hogan
There's just no conviction to get back in, ... Right now we're in all-bad-news-all-the-time mode.
Art Hogan
We'll continue to see more of that, with the market gyrating toward that end. It will be difficult between now and Oct. 15 the next Fed meeting to get anything done until we know where we're going with interest rates.
Art Hogan
Bargain hunters came out and turned things around.
Art Hogan
We were up more than 100 points yesterday, so you're seeing a reaction to that today,
Art Hogan
We're getting an oversold bounce. Telecoms are getting a boost because of the ATT Wireless (news), ... Investors are going to buy those tech stocks that we're not necessarily worried about.
Art Hogan
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