The reality is that as we enter the new year, the big caps continue to dominate the market as they have for almost two years now.
More Quotes from Marshall Acuff:
The issue with technology is, it's -- by definition -- change. You can't just go to sleep and say I'm going to forget it for 20 years.Marshall Acuff
The market is on inflation watch.
Marshall Acuff
All those people who were waxing so bullish early in the year are now finding out the reality, that growth is slowing.
Marshall Acuff
A number of the 'old-economy' stocks, and I've cited the financials in recent weeks as an example, are no longer going down in price. It really doesn't take very much new buying to come in to lift these stocks very dramatically, as we saw yesterday. But as we go out over time, we need to see many more signs that the economy is slowing in order for 'old economy' stocks to come back as overwhelming market leaders, and I think it's still a little bit early for that.
Marshall Acuff
The question is, are you going to get into a period like the '70s, when inflation went up and up -- which I seriously doubt -- or inflation picks up a bit, and then stabilizes.
Marshall Acuff
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