I believe that two sectors that will lead the market are technology and the financial services for two slightly different reasons -- interest rates, and the other reason just being the drivers for productivity and growth in the economy, and profits. And I don't think that that has changed. I think it's one of the things that is really important about technology. Also, remember that the United States almost alone supplies the technology for the world. We produce just about all the new technology. Do we manufacture all of it right here No. But we are the driver and the rest of the world needs our technology.
More Quotes from Patricia Chadwick:
I think technology is the driver for the productivity gains, for the earnings growth. If technology stocks don't do well in this market, you don't have a market moving forward, and I think they are doing well.Patricia Chadwick
I think that, globally, investment banking is going to be a huge opportunity for the business. We're just seeing a huge amount of activity, and I think that falls right into benefiting the large brokerage firms.
Patricia Chadwick
It's just another number that the market will go through.
Patricia Chadwick
I don't think we're in a correction but I think we're in a very necessary leveling off period. A correction is probably over 10 percent down from the current levels and I don't think there's any reason for us to see that, but I do think given that the fact that the markets went up 7 or 8 percent in less than two months of the new year that we have to have perhaps have a couple of months time when the market doesn't go anywhere.
Patricia Chadwick
I'm still very optimistic about stocks, and I think that's where you have to be. But I think it needs to consolidate. And actually, yesterday in the market, the Dow was a lot stronger than the rest of the market.
Patricia Chadwick
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