Though interest rates are expected to continue their rise in an orderly manner, the U.S. economy continues to look robust. So perhaps the piles of cash that are waiting in the wings will be put to good use as we head toward Thanksgiving and the New Year.
More Quotes from David Buik:
I think people are being more selective about tech stocks. Last week was a cracking week in the banking sector - and Germany's Deutsche Bank had the yellow leader's jersey. And I think it's important that people see the telecom sector, which has dropped like a stone ... people will be looking for something there.David Buik
The (European) markets on Wednesday are buoyed by some fantastically good figures from SAP, which have come on the back of things improving in New York and then that was followed through this morning by some very good (technology) performances in Tokyo.
David Buik
This is obviously very good news but this might be treated with a certain amount of caution as Fed bankers did not know that oil would go to 72 a barrel when they made these comments.
David Buik
It's definitely the end of the PC market as an expanding industry. I suspect other companies will be looking at similar mergers.
David Buik
The market is tired. I think we've had a terrific week -- not so much in gains, but more in being able to maintain the 6,000 threshold.
David Buik
The Chicago PMI data and consumer confidence numbers are important, but pale into insignificance against Friday's non-farm payrolls and the rest of the employment data.
David Buik
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