The fall has traditionally caused anxiety for investors and produced some big declines, particularly in late August and early September.
More Quotes from Michael Sheldon:
The news from Cisco was disappointing for tech investors,Michael Sheldon
Looking into the second quarter, what could move us higher is a decline in oil prices, lower bond yields, solid economic data that is non inflationary and stronger growth on the earnings front.
Michael Sheldon
Looking ahead to 2005, we are moderately optimistic and are looking for a stronger performance in the first half of the year followed by some weakness in the second half of the year.
Michael Sheldon
If Greenspan is more hawkish, implying that rates will rise faster than thought, that may bother investors, ... If Greenspan continues to stress that rates can rise at a 'measured' pace, that may impress the market.
Michael Sheldon
We're really seeing almost a stealth rally today. Some of the most beaten-down groups of the last few days -- like airlines and retailers -- are seeing gains. But it's not just them. Five out of 10 SP 500 groups are up at least 1 percent.
Michael Sheldon
Intel's news is going to hurt techs tomorrow. I think if the payroll numbers are disappointing, too, you're going to see a broader sell-off.
Michael Sheldon
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