I think we are in a correction that was way overdue. There has been tremendous complacency by strategists about the Asia problem and even up until last week everyone was raising their targets. The Asia problem is real.
More Quotes from Charles Pradilla:
Boeing is a turnaround. They've taken care of a lot of glitches and now both the commercial and defense area is looking awfully good. Nortel is just knocking them dead in both wireless and fiber optics. They are both very important areas. And all three companies represent leaders in their particular industries.Charles Pradilla
We are finally starting to come to those stocks that haven't given up ground yet. This is the first time that these stocks that are priced for perfection have shown some imperfections.
Charles Pradilla
With scandal-ridden capital markets, a mediocre recovery and still high valuations, a lengthy bottoming and healing period is needed before we get a substantial upturn in equities.
Charles Pradilla
We're not going to see a significant upside until we get a clearer sense of how companies make their money and how it is accounted for.
Charles Pradilla
There are these little bursts of good news in the tech area.
Charles Pradilla
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