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.
More Quotes from Phil Dow:
If you look at the earnings so far, we've had on balance in-line or mildly positive surprises. Yet the guidance going forward had been guarded. If that continues, you're looking at a more subdued market response this week.Phil Dow
You don't need to worry what the economy is doing people need to buy their drugs.
Phil Dow
If you look at our portfolio that we run here with a three-year track record, basically it's equal to the SP the last three years. This year we're down about 1.8, 1.9 percent versus an SP that's significantly more than that down.
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
We like Waters Corporation, ... It's a company that specializes in equipment for biotech research, great balance sheet, firm fundamentals. In financials, we would throw in Wells Fargo, TCF Financial Corporation, and Citigroup.
Phil Dow
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Based on Topics: Business & Commerce Quotes, Tax QuotesBased on Keywords: factoring, midterm, tectonic
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