These hearings have an impact on investor psychology, they make people nervous, and that's why we're having a rally at the close.
More Quotes from Ken Tower:
We are at the top of a trading range. Everyone's willing to be bullish, but is the cash there to provide the energy the bulls need, or is the December high the high-water mark Dow 11,000 is one of the hooks the bulls will use to try and attract more money into the market.Ken Tower
This was one of the last areas of technology that still had the great, glory days of April going for it. The market is just not willing to put up with those high PEs and is shooting them down one by one.
Ken Tower
I'm left with the sense that this is a trading-range market, not a larger decline. The major averages are now coming down to their late August lows, which are presumably the low end of this trading range. There wasn't any real sign of a reversal yesterday, but support is nearby and downside leadership is poor.
Ken Tower
Paradoxically you need people to be more discouraged in order for there to be a market bottom.
Ken Tower
Finally, the market got a reaction after that water torture of a decline in July. People reacted, which is very good in terms of looking for a bottom.
Ken Tower
It's only Chinese water torture to people who hold the Dow. For those in the Nasdaq it's an incredible party.
Ken Tower
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Based on Topics: Psychology QuotesI used to help my granddaddy make sausage. He would mix it up in a cleaned-out washtub with his hands, no gloves. Man, if we did anything like that today, they would jack the jail up and throw us under it.
Jimmy Dean
Better to die in the pursuit of civilized values, we believed, than in a flight underground. We were offering a value system couched in the language of science.
John Charles Polanyi
Language is like songs, like food, like dance-it is the expression of what we think.
Holly Near