Technical indicators help investors avoid downward spirals like Enron. That being said, I don't pay much attention to news. I pay attention to how investors react to news. A good or bad reaction is more important than the news itself.
More Quotes from Ken Tower:
The recent stock rally was fueled by the idea that the Fed is nearly done and I am concerned that such a hope could be in trouble. If the economy is growing faster than investors are expecting, that could be a problem.Ken Tower
I see the whole business cycle slowing down.
Ken Tower
Only 10 New York Stock Exchange stocks made new lows yesterday, so it's clear that there is a great deal of underlying market strength. Industrials remain the clear winner, as they reached another new high yesterday. Financials had a huge rally and also closed at a new high. Leadership will eventually shift back to tech, energy and basic materials, but we're not there yet.
Ken Tower
The market is reacting to disappointment in some of the earnings reports and also to the stronger-than-expected economic data that came out.
Ken Tower
We're thinking that yesterday's rally will probably go back down and test the low today... So, this afternoon, we're looking again probably for the market to sell off.
Ken Tower
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Based on Topics: Media & News QuotesBased on Keywords: indicators, spirals
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If you're willing to put two thoughts into a picture then you're already ahead of the game.
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I can't tell you too much about it because I'm not even meant to tell you that I'm in it. In fact, I might never work again now that I've been talking to you. I'm not in it for very long, let's put it that way.
Jason Isaacs