Most of the noise about the consumer stopping spending has been just noise. There hasn't been real evidence of it.
More Quotes from Kent Mergler:
The company hasn't disappointed at all.Kent Mergler
We are not heavily invested in tech and are not likely to be so until we see fundamental progress. We've always selected companies with strong earnings growth and most technology companies don't have that at this point.
Kent Mergler
Some of the worst companies have been the best performers. But a lot of the recovery in the poorer-quality companies was just relief that they survived. We're finally starting to see some better action in the higher-quality names.
Kent Mergler
The whole market is in the doldrums waiting for something, probably some sort of movement on Iraq. And it's year end, too, so there's probably a lot of tax-loss selling going on.
Kent Mergler
The real strength in the market in 2003 was from small-cap and mostly busted companies. It was a huge sigh of relief that many unprofitable companies did not go out of business.
Kent Mergler
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