You're going to see a lot of companies voluntarily take the smoke and mirrors out of their business, ... We shouldn't expect to see an immediate recovery, but eventually people will regain confidence.
More Quotes from 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
Terrorism threats have been a wildcard out there and it looks like its happened again, ... It certainly looks like there is panic selling going on in Europe, but the day could still end flat to modestly higher.
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
It was a strong day for technology and small stocks. But most major stocks were mediocre performers,
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
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