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.
More Quotes from Robert Stovall:
We're a long way from the bottom and I think hope springs eternal for equities.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
We need earnings to begin to improve.
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
We're not sure what the Fed's going to do. And if they do their worst and raise rates, I think it's largely built into the bond and stock prices right now. So, I think the worse of the near-term problems are just about accomplished.
Robert Stovall
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Based on Topics: Actions Quotes, Computers & Technology Quotes, Money & Wealth QuotesBased on Keywords: averages, telecommunications, valuations
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