There isn't a lot of forward momentum. The market ran a bit too far, too fast last year.
More Quotes from Hilary Cook:
It looks like a strategically good move. These are property and cash-flow assets, and that's why they are worth so much money.Hilary Cook
The big surprise has been that the inevitable hit to the U.S. economy from the hurricane hasn't hit the market yet -- this market doesn't want to lie down.
Hilary Cook
To its huge credit, GUS has moved from being a rag-tag of businesses with a reliance on a declining home shopping market to a very focused retail group.
Hilary Cook
Cisco, one of the bellwethers, is going to be out after the close, ... that will be a good indication of corporate health.
Hilary Cook
Any deal will be looked at closely, but on the other hand, BAA is bidding to run other people's airports, so why can't the reverse be true
Hilary Cook
The market's gone far enough for the moment, and in comes the profit-taking.
Hilary Cook
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