The market is consolidating its recent gains.
More Quotes from Bill Meehan:
Investors are less concerned about technology valuations and more concerned with finding places to put money that won't have earnings disappointments.Bill Meehan
I think that's evidence that a good deal of any weak earnings is priced into the market because the expectations have been lowered by analysts and further lowered by realistic expectations of the Street.
Bill Meehan
We got a little bit of a pop from the Supreme Court ruling. I think some of the strength we've seen was discounting a Bush presidency. Obviously the uncertainty was not what was hurting the Nasdaq -- earnings would be impacted by a slowing economy.
Bill Meehan
We got a double dose of good news. The Yahoo revenues and earnings were better than expected, helping to pump some life into the dreary internet group and we continue to get a trickling of second-quarter earnings.
Bill Meehan
We no longer and we haven't had a declining rate of inflation. Why anybody would think the Fed would be considering easing now is hard to believe.
Bill Meehan
Having cash all the time to some degree makes a certain amount of sense. I don't ever advise people to be 100 percent in or 100 percent out.
Bill Meehan
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