We would try not to trade on a day-to-day basis. If you do that, you're going to lose your hat. We would take a 6-18 month time horizon. Try to find good businesses, reasonable prices. Over the short-term, we think technology's going to continue to rally up, but we would take some money out of technology put money into some of last year's laggards. The pharmaceutical companies are good businesses, good prices. The financial companies, banks have been maimed last year.
More Quotes from David Katz:
January has historically been a better month in the market overall, especially pronounced in terms of companies that have had poor prior years -- after tax selling abates, they're due for a very strong bounce in January.David Katz
Abbott Labs is absolutely are on the mend. You were able to buy 15 percent growth over the last five, 10 and 20 years at 13 or 14 times earnings, ... It's a great opportunity. Buy on this dip. We think a year from now the chart's going to be a mirror image on the up side.
David Katz
Someone who is hiding something is usually paranoid that it's showing too much, or maybe not enough.
David Katz
The CEO basically antagonized (Wall Street) on every answer, and just left everybody feeling entirely unsatisfied,
David Katz
People are looking for good news and, as they start seeing it, you're going to see more of these rallies, ... Businesses are going to start spending one day and they are going to start hiring one day.
David Katz
It's just a broad-based sell-off. Bank stocks are weak, tech stocks are weak.
David Katz
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