You don't need much of a reason these days to go down 5 or 6 percent. And we have some good reasons today bonds are down and the dollar is getting clobbered.
More Quotes from Phil Roth:
Intel isn't the market. They're marking the futures down, but I think this is a minimal affair. Everybody already knew the tech sector is in trouble. This is nervous traders protecting themselves -- not the start of a new decline.Phil Roth
That shows a significant drop in speculative interest.
Phil Roth
We're in a bit of a hiatus period here. Earnings for the first quarter are out and that's already in the market. The Federal Reserve did what it was going to do and that's in the market and we've got a neutral position in the short term for a lot of stocks.
Phil Roth
I've said we would make a cyclical top in the first half of 2004. It may not happen until the third quarter, but the ingredients are moving into place.
Phil Roth
We won't know about that until next week. For now, we give the benefit of the doubt to the upside and still look for nominal additional gains early in 2006.
Phil Roth
Readers Who Like This Quotation Also Like:
Based on Topics: Reasoning QuotesBased on Keywords: clobbered
Men and women should stay apart, till their hearts grow gentle towards one another again.
David Herbert Lawrence
Science is the father of knowledge, but opinion breeds ignorance.
Hippocrates
When a match has equal partners then I fear not.
Aeschylus