There was just a tremendous amount of concern, and the market held, ... In fact if you look at third-quarter performance, it was pretty good across the board.
More Quotes from Phil Dow:
They have the best of breed kinds of companies in two really good industries. They have a natural gas pipeline company. In addition, a fiber optic network which will be 33,000 miles. Each have the wind at their back and we think the combined businesses conservatively are worth 60. Right now the stock trades for around 45. The company just announced a way to unlock that value with a spin-off of their Williams Communications Group. So we think it's just a matter of time before that stock reaches 60.Phil Dow
Anadarko is down relatively dramatically in the recent week, ... For value, we think the best name in the group is Chieftain International.
Phil Dow
Bit by bit we are seeing the pieces of the economic mosaic come together that could support a sustained stock market rally, at least in the short term ... But in the longer term, there are still significant questions, no doubt about it.
Phil Dow
You've got to get back to what really moves stocks, and that's earnings. It's not international conflict -- that's always been there. And the market has delivered, despite Vietnam, Sept. 11, and every other horrific thing we've had.
Phil Dow
The volume expansion indicates that you might be seeing individuals, rather than just traders, getting involved. But, volumes in general are still pretty weak. Odds are that if this is the real thing, you'll see daily volumes of 1.6 billion and 1.7 billion -- and then it will be obvious to everyone we are in a bull market.
Phil Dow
It's frightening if you chase performance. One reason why investors went into Japan is that they saw the markets perked up there.
Phil Dow
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Based on Topics: Facts Quotes, Performance QuotesGoodness comes out of people who bask in the sun, as it does out of a sweet apple roasted before the fire.
Charles Dudley Warner
Welfare's purpose should be to eliminate, as far as possible, the need for its own existence.
Ronald Reagan
That's healthy and good for us that there are people who are prepared to question what we are doing.
Martin McGuinness