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.
More Quotes from Patricia Chadwick:
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.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
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 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
Now we want to hear companies say they have light at the end of the tunnel.
Patricia Chadwick
In the short term, I think there are some good signs that the Fed will raise interest rates.
Patricia Chadwick
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