I think the pullback has been way, way overdone. And, as the stability in the region seems to be gripping the market, these bank stocks have not come back all the way at all.
More Quotes from 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 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.
Patricia Chadwick
In the short term, I think there are some good signs that the Fed will raise interest rates.
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
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
Now we want to hear companies say they have light at the end of the tunnel.
Patricia Chadwick
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