I think we could re-write the book a little bit. The other sort of traditional way of looking at the market is that you get a summer rally. And I suspect that we will get a positive bias to this market at some point in time over the next couple of months. However, I do think that you're probably in that quieter period for news and developments in the technology sector.
More Quotes from Charles Crane:
The market behaved worse than most anticipated going into this period because the conditions of the economy were worse than any of us judged it to be. Earnings were revised down steadily and that kind of downward revision was not tolerated well.Charles Crane
We've seen very satisfactory earnings growth. There's a hope that the Fed is close to the end of its tightening campaign.
Charles Crane
I haven't heard any compelling stories to say that this is anything more than bargain hunting. We're in a period of time where investors are going to be concerned about second-quarter earnings, so I wouldn't extrapolate too much from this.
Charles Crane
News of some sort of explosion over in the Middle East was conveniently coincidental with the market downturn, so I've got to think that had something to do with it.
Charles Crane
My broad advice is to concentrate on individual issues as opposed to trying to predict where the market is going. Making market calls is of very little value whatsoever.
Charles Crane
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