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.
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
The trading activity has a negative bias. The news has been negative and it's frustrating for investors and traders alike.
Phil Dow
The main problem is things keep getting worse in the technology space.
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 was a strong day for technology and small stocks. But most major stocks were mediocre performers,
Phil Dow
If the focus on the market were to continue to go up even with bad news, that would indicate to me we're going to recover.
Phil Dow
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