A buy-the-dip mentality remains very strong in the minds of the market. Technology stocks are where all the action is, where all the volatility resides, where all the big gains come into play. These are the darlings of the market.
More Quotes from Scott Bleier:
Over the past couple of weeks, the move higher in the stock market has been supported by a few big-cap stocks. This is a repeat of the 'Nifty Fifty' in the '70s. While the averages have hit new highs, the bulk of the stocks is moving lower.Scott Bleier
These oil stocks that have huge runs, oil exploration, oil services, I think you sell them now and they pull back and stay down for years with the price of oil.
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Everybody on Wall Street knew how ridiculous the month of February was, but we still had to be in it, ... We asked ourselves, 'Are these things justified by any measure of valuation' The answer is, unequivocally 'No.' But you have to participate in order to make money for your clients.
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The market is acting like we were just coming out of a recession, ... It's about as tough and confusing on a day-to-day basis because of all this rotation. The market is looking past the (economic) slowdown, past the (presidential) election and out to the
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No one likes to lose money in technology, ... We marginally broke 3,500 and everybody has been looking for a giant capitulation day. We may not get that but this is a market that is healing.
Scott Bleier
You'd think it'd be a great idea for a (public) company, ... After all, the big areas of the Internet are basically stock trading, e-shopping and pornography. But you can't really invest in it. And you know, maybe that's the way it should be, quite frankly.
Scott Bleier
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Based on Topics: Actions Quotes, Computers & Technology Quotes, Mind QuotesBased on Keywords: darlings, volatility
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