We're getting pretty decent earnings across the board. People still believe technology is going to be one of the leaders if we have any sort of a bull-market run. Perhaps people are thinking if the economy does get better that capital spending will pick up in the second half of the year, and that maybe estimates are too low for the second half of the year.
Quotes about bull-market (2 Quotes)
We are starting with stocks fully valued and short- and long-term interest rates still hovering near four-decade lows. Large bull-market moves are generally accompanied by, or preceded by, declining rates, and we don't have that scenario today.