It was a strong day for technology and small stocks. But most major stocks were mediocre performers,
More Quotes from Phil Dow:
I think Greenspan had a calming effect once all the returns were in and people had the opportunity to reflect on what he said.Phil Dow
What I see is this pervasive opinion that there will be a better time to buy stocks and that we'll all know it when it comes. But it's never that way. The only way to participate in a market recovery is to be in it beforehand.
Phil Dow
One surprise in 2005 will be that business capital spending will be back in a big way especially as cash is at record levels on balance sheets and as companies ensure that they stay competitive.
Phil Dow
Overall, I think there's been a profound change in sentiment after the market hit its five-year low in early October, ... The market is factoring in a possible resolution of the Iraq crisis. With the Republican victories in the midterm elections, there's a possibility of a tax cut for dividends. That's like a tectonic shift in fundamentals.
Phil Dow
If you have any kind of cut or a neutral bias, the markets will move higher.
Phil Dow
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I'd worship the ground you walked on if only you walked in a better neighborhood.Billy Wilder
A new kind of mind thus beings to come into being which is based on the development of a common meaning that is constantly transforming in the process of the dialogue.
David Bohm
Again two manufacturers may employ the same amount of fixed, and the same amount of circulating capital; but the durability of their fixed capitals may be very unequal.
David Ricardo