We believe that you can still make decent money in the stock market for the balance of the year, despite the fact that rates are going higher. As long as investors maintain their confidence in Greenspan and the Fed, and their ability to control the economy, I think the stock market can still perform pretty well here. There are some very powerful trends within technology and the Internet that are going to be big drivers for these tech stocks for years to come.
More Quotes from Jim Gribbell:
You have two very powerful opposing forces in the market. You have the Fed being very aggressive, lowering interest rates and throwing liquidity back into the market. And you have underlying business trends throughout most of the economy that are awful in many industries and show no signs of improvement. You have to take a side.Jim Gribbell
There is no visibility management teams are coming out and saying we have no visibility but we think the second quarter is the bottom but they have no idea.
Jim Gribbell
Two of the sectors we think will drive the market higher are the financial stocks, in particular investment banks and brokers, and certain parts of technology. We're very bullish on the software companies.
Jim Gribbell
The volume isn't overly heavy but there are a lot of orders on the trading desks backing up what's out there right now. There's a lot of committed capital on trading desks that's trying to be put to work.
Jim Gribbell
We may be early here but we're also adding money to the semiconductor stocks, which have been volatile to say the least. It's better to be early than to miss the ride here and we don't see a lot of downside.
Jim Gribbell
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