We took a piece of information last night coming out from Dell Computer that six months ago might have had the market down and chose that as a catalyst to rally.
More Quotes from Charles White:
Volumes are increasing (for Rohm Hass) as the economy turns around, ... Their profitability has been good, even when, you know, business was very, very bad and very slow for them. They've cut costs and run their organization in a very efficient and effective manner. And you know, when business volumes do return, when pricing returns, this would be a really good play.Charles White
First Data has bounced back. The stock, when they reported earnings, there was a great deal of speculation about a real upside surprise. It was one of those whisper number disappointments, ... But they're in the merchant processing business. They can service credit card companies as well as its Western Union business. Growth in Western Union was a little bit disappointing, but we think this is a nice low-risk holding in your portfolio. They're generating the earnings. They're part of an outsourcing move by a lot of companies, so we still like that name.
Charles White
(The market) is telling you that at these levels, given all the warnings we've had from every Fed governor on the planet about the risk of higher interest rates, that people are nervous in front of tomorrow,
Charles White
I didn't want to waste any energy today. Sometimes it's tough when you're that far ahead, but I had the crowd cheering me on and my adrenaline was going.
Charles White
It feels a lot different this time, ... Traditionally, you get interest rate cuts to stimulate domestic demand that is just foundering. But the U.S. economy doesn't need a kick in the pants right now to get it going.
Charles White
People have gotten very complacent with the steady upward ascent of the market, and the reality is that this choppy trading pattern is more the norm.
Charles White
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