If rates keep backing up we'll definitely have the stock market treading water for awhile.
More Quotes from 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
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
Given what's happened in Africa recently, there's obviously some concern of expanding terrorism around the world. This just adds to that uncertainty. But I think ultimately, the markets will focus on primary economic news.
Patricia Chadwick
I think a lot is happening in the PC business that I think bodes very well for PC demand and they are kingpin, in terms of being able to produce profits in the PC business. So I think they are the leader for the PC companies and I think that that's where you need to look to them.
Patricia Chadwick
Now we want to hear companies say they have light at the end of the tunnel.
Patricia Chadwick
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