I was really encouraged by yesterday's move, ... I don't know about the average - the average is in the process of bottoming - but it may well be that the average can kind of bottom out, individual stocks are going to go off on their own, up or down.
Quotes about bottoming (16 Quotes)
There's no conviction over earnings. You're going to get this vacillation back and forth as we're in this bottoming process and it's going to take some time.
We're still struggling in a fog of volatility that may obscure the fact the market is, or may be close to, bottoming.
Semiconductor makers are bottoming out because of strong demand. Any good news is likely to drive shares higher.
I think what we're seeing is a gradual decline in the jobless claim trend from its peaks in the immediate aftermath of Sept. 11, ... It suggests the labor market is not strong, but it's bottoming, and that's consistent with the overall economic picture.
The techs on balance have put in a fairly decent performance, ... We're getting a sense that there's a bottoming going on in the semiconductors. Some of the bellwether companies like Cisco are talking about a better environment in the future.
You have to look at these numbers over a few months. Coming in, we had several months of very substantial gains, ... The basic picture is that business spending is bottoming and showing some signs of improvement, but it's not really robust.
What we see happening is a bottoming to the rate of change in the semiconductor business, which has been negative and less capacity being added by the fourth quarter, which is also good. So, although companies themselves are still very conservative we think that the worst is past in terms of the downturn here.
We really think we're seeing a bottoming in the market, ... We think the issues really have been dealt with that caused the real collapse of the market. We think we're in a bottoming process that can last a while -- we think the last leg of it is resolution of the Iraq conflict.
I think there's a kind of 'buyers' strike,' for lack of a better term. Until we start seeing some better earnings news, I think the market's going to be in this bottoming phase.
I think it's all part of the bottoming out process that the market average have been going through since mid-April,
A seven-year chart illustrates how health care and the broad market trend in opposite directions. The purple line is the SP 500, ... The green line is a ratio of the XLV divided by the SP 500. The green ratio line bottomed at the end of 2000 as the SP 500 was peaking. The XLVSP ratio peaked in the fourth quarter of 2002 as the SP 500 was bottoming.
Dell is a company that I think may have some value here but as its earnings growth comes down I think investors are looking at a multiple closer to where earnings growth rate is starting to show signs of bottoming out.
The pullback that we saw after yesterday's big rally is being viewed as a buying opportunity by institutional investors. So instead of selling on the rallies, they're now buying on the dips. Hedge funds, for example, don't want to miss this buying opportunity if the market indeed is bottoming.
We're seeing a lot of volatility, a lot of indecision as people bail out of stocks and other people jump in, ... We could be seeing the classic signs of bottoming, but we thought the market was topping for three years before it went down, so maybe we're going to be thinking it's bottoming for three years before it goes up.
The bond market took this report as a sign that core inflation may be bottoming and the Fed may still be in the tightening business later this year,