The comparable strength this afternoon says that if this is as bad as it gets, with the economy, with terrorism scares, then we can handle it.
More Quotes from James Awad:
It's not going to make or break a bull or a bear market, but it's a negative.James Awad
I think it's unlikely that you'll get a bear market because the fundamentals are too good. On the other hand, you're not going to make new highs in the market as long as we have uncertainty in terms of interest rates,
James Awad
You're getting a little bit of a setback after two up days, and a sense of people wanting to wait until they hear what the Fed has to say at the Sept. 20th meeting.
James Awad
I think retail is going to be a very tough place to make money. What's worrying the market now is -- if the Fed is successful in slowing the economy, what does it mean for profits going forward And that is apparent - that's more clearly an issue in retail than anyplace else. But it is an issue in the market itself that you're going into a period here where profit growth may decelerate in fact, could flatten out as you have volume gains decelerate in a slowing economy, but cost increases embedded in from the period when you had a strong economy and that's not exactly a great prescription for profits, and I think that's troubling the stock market.
James Awad
He said the company has several lives. As it exists today, it's selling at 8. It will earn 60 cents a share over the next 12 months, ... The company has no debt, tremendous excess cash flow, no research coverage, and it's a great database company.
James Awad
The best time in the stock market is when interest rates are low and earnings are poised to grow.
James Awad
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