I think we are in a recovery, but no one ever believes it ahead of time. To me, it's pretty encouraging to see volume expand when the market is going up. And while the news is not improving, the market seems to be holding up.
More Quotes from Phil Dow:
My sense is that we may be at a really important transition point. Yesterday was a pretty important day. (The market) turned around on expanding volume, which indicated some real buying going on.Phil Dow
I think a productive economy is the main thing people should take home with them. This is a unique period in American history. I think we'll look back on it as a time you wanted to own stocks rather than trade stocks. I think, secondarily, corporate America is showing good earnings reports. The second half of this year may be lower than the second half of last year, but they're still robust, probably in the high teens. I think if you focus on financial guide posts, that eventually will drive prices. I think you'll see the market in general do better as the year wears on.
Phil Dow
Next year people will still be cautious. At the same time I anticipate corporate earnings and economic growth will come in better than expected,
Phil Dow
It's amazing to see intellectual capital turn into profits so quickly.
Phil Dow
Today's action depends on your investment philosophy,
Phil Dow
Try to buy those kinds of names when they're out of favor and hold on to them for long periods of time,
Phil Dow
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