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.
More Quotes from Charles Pradilla:
The bottoming process is going to take an awfully long time. There's been absolute decimation for many, many stocks, and there are many nervous shorts out there so you don't need much to spark a fairly vigorous move.Charles Pradilla
If you are a competitive investor, you've got to assume the Fed will succeed in re-igniting the economy.
Charles Pradilla
This is a very anemic recovery. It has a lot of problems with it, and we don't have dirt-cheap valuations. I firmly believe the bear market is over, but this is not going to be a roaring bull market, and I think we're going to see a lot of interruptions a
Charles Pradilla
More and more strategists are of the opinion that the Fed may be completely through.
Charles Pradilla
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.
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
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