The institutional investors tend to play follow the leader. And right now they're all marching behind the big generals, like Boeing, Exxon, Merck ... and so forth. And the ordinary soldiers are way in the rear ranks, dragging along.
More Quotes from Robert Stovall:
I think the Fed will raise rates again on October 5 and make some more jawboning attempts. It could be the last one for the year.Robert Stovall
(The cut is) the beginning of several shots in the arm. I think the Fed acted early in the new year so to give themselves the opportunity in the end of the month to cut again, if things don't kick in as they like.
Robert Stovall
The tech sector is where the money seems to want to flow. You can just look at last week's action, when all the averages were up, the money flows into technology, primarily in telecommunications. And even though the valuations have been high all of these quarters and still are, I guess if you want to do well in the market you've got to have some of your assets in technology, definitely.
Robert Stovall
We need earnings to begin to improve.
Robert Stovall
It's got a enormous room for improvement, I think, and rationalization. Just look where the stock was before they announced the merger about a year ago. And then I think there is -- there is a great hope there.
Robert Stovall
Readers Who Like This Quotation Also Like:
Based on Topics: Leadership Quotes, Leading & Managing Quotes, Soldiers QuotesI may be drunk, Miss, but in the morning I will be sober and you will still be ugly.
Winston Churchill
Assange is not a 'journalist' any more than the 'editor' of al-Qaeda's new English-language magazine 'Inspire' is a 'journalist.' He is an anti-American operative with blood on his hands.
Sarah Palin
I've an idea for doing a Situation Comedy myself but its always difficult to get people to listen to you because they like to put their own ideas forward.
Norman Wisdom