We still have a flood of money coming into technology at the expense of these old-economy stocks. If you look at the sectors that make up the Nasdaq they are sectors that are the hottest in our economy.
More Quotes from Art Hogan:
Some people are taking advantage of the run-up we've had in the last couple of days in tech land to regroup a little bit,Art Hogan
Of course, when you have a marquee name like Microsoft disappoint, it's hard to sit up on good news.
Art Hogan
The larger trend remains to the upside, but its hard to say whether we'll see gains in the short-term,
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
If we continue to see the trend slowing and we get better (economic) numbers, I think the Fed can take a pass at the end of the month and wait until August.
Art Hogan
The market has been able to stomach a lot of bad news -- we've seen disasters every day and the market has trended higher, ... This is day four, so it's only natural to want to take profits.
Art Hogan
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Based on Topics: Money & Wealth QuotesBased on Keywords: old-economy
I became a loner. I became a mountain man. A lot of those things are very good qualities and they help you do your work, help you be singular and keep the artistic integrity of your work intact, but they don't make it very easy to live your life.
John Milius
Buildings should serve people, not the other way around.
John Portman
Badness you can get easily, in quantity; the road is smooth, and it lies close by, But in front of excellence the immortal gods have put sweat, and long and steep is the way to it.
Hesiod