Profit news continues to be good, and we are seeing some relief from the profit taking of the last few weeks. But there is an ongoing tug-of-war between 'we've come too far too fast,' and 'the economic recovery is strong' and you're seeing that played out on a day-to-day basis.
More Quotes from Douglas Altabef:
On a macro level, we are at the beginnings of an economic recovery, not as fast as some people want, and we may have some altercation with Iraq in the next six months. That uncertainty is putting the foot on the accelerator and pulling it off the accelerator at the same time.Douglas Altabef
O'Neal has a good sense of where the business focus should be. He's been able to take advantage of a good business environment.
Douglas Altabef
I think there is a lot of nervousness that we'll have a repeat of last time. No one wants to see this drag on like it did in 2000.
Douglas Altabef
This is not an expensive stock. We think Merrill certainly has a significant amount of upward opportunity.
Douglas Altabef
I think that there is an upward bias. The market for the first time in a long while is wanting to go up.
Douglas Altabef
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