This was not good-quality institutional buying. It was really a question of people playing the trading range.
More Quotes from Gary Dugan:
If you're looking at the Chinese banking market, it's underdeveloped, offering good opportunities for growth.Gary Dugan
There's still a bit of a tech wreck going on in the wake of the Nasdaq weakness. The other problem is that we haven't had good sector rotation and we've seen a bit of a sell-off in the banks. The results for the banks have not been too good - they are facing margin pressures.
Gary Dugan
Service-sector inflation has been picking up. Wage inflation has shown some signs of picking up so, unlike the U.S., Britain does have some worrying signs of inflation.
Gary Dugan
We were saying that sectors matter now, not countries, but Germany's performance, with its preponderance of domestic issues, has shown that country factors still matter.
Gary Dugan
This could finally lead to a sell-off in U.S. equities. And then European stocks would mirror falls on Wall Street.
Gary Dugan
By the end of the first quarter you will have had upgrades to profit forecasts, upgrades to GDP forecasts and upgrades to peoples expectations for the performance of European equities into the balance of the year.
Gary Dugan
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Based on Topics: People Quotes, Trading QuotesBased on Keywords: good-quality
The first duty of man is to conquer fear; he must get rid of it, he cannot act till then.
Thomas Carlyle
Up until like five seconds ago, I just took what jobs came along.
Paul Bettany
One must not make oneself cheap here - that is a cardinal point - or else one is done. Whoever is most impertinent has the best chance.
Wolfgang Amadeus Mozart