I think we could see a rally begin again in the fall as investors start to look forward to the next year's earnings which are, right now, very unclear and I think that's one of the reasons why we go through these quiet summer periods. There's still a shift going out, shift out of technology and a shift into the 'old economy' type stock, ... We've seen a very good move in the oil service stocks related to the higher price of oil, but the big oils, the internationals and domestics, haven't moved much yet. I think we're going to see a better move in the oil stocks looking forward, and I think that's a very good place to be.
More Quotes from Bob Dickey:
That probably means we're going to follow through to the downside tomorrow.Bob Dickey
The market has been in a rotational uptrend for the past three years, which is confusing, as not all stocks are moving in the same direction at the same time.
Bob Dickey
I think we're seeing already the start of a relief rally. Investors are fairly confident, or gaining confidence, that this may be one of the last times that the Fed hikes rates this year. Anything less than a 50-basis-point hike in interest rates at this
Bob Dickey
We had retail sales numbers which were a little on the weak side. The CPI which was very good this week, and yet the market has not been able to react for more than about 20 minutes. And so maybe we're looking for something bigger, maybe something to do with the presidential election coming up might be enough to drive the market through these areas.
Bob Dickey
We're seeing some evidence of some slowing in the economy, which is a good thing, but we need a little longer time to call it a trend. And I think that is what the Fed is watching too,
Bob Dickey
Right now, the best thing to do is to buy stocks that are good values,
Bob Dickey
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Based on Topics: Computers & Technology Quotes, Reasoning QuotesBased on Keywords: domestics, internationals, oils
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