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.
More Quotes from Patricia Chadwick:
If rates keep backing up we'll definitely have the stock market treading water for awhile.Patricia Chadwick
We may be setting ourselves up for a rally in the new year. We'll have a lot of announcements in the very early part of January from companies, which will point to some more disappointment in earnings, and that may be a catalyst for the Fed to lower rates
Patricia Chadwick
The auto companies have done really well and I think it's hard to see a continuation of that for a long period of time.
Patricia Chadwick
If in fact the OPEC countries can get together and cut supply, that would be great. I think what tends to happen is when we hear these kinds of announcements, oil stocks do extremely well and yet the truth is somewhat a little less exciting than what the announcement comes out as.
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
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Agitate! Agitate! Ought to be the motto of every reformer. Agitation is the opposite of stagnation - the one is life, the other death.
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