Bill Meehan Quotes on People (6 Quotes)

People are still in love with technology. There are enough signs now that the market is oversold and we could get a bounce but it will be limited. It's really a traders market except for individual opportunities.

There was a lot of disappointment about revenue. It's especially true for technology stocks - if you don't have revenue growth, people start to question (value), and 10 percent doesn't cut it.

I think a lot of people had anticipated May sales would be weak, which is a further sign that the economy is slowing. In general, the outlook for what the Fed is going to do is probably more important to the group as a whole.

There are still too many people that have let greed remain in control and have yet to succumb to fear. There are too many people calling bottoms all over the place. People are too worried about missing the v-shaped recovery than they are about losing money and losing it they have been.

People are doing a little rotating into some groups that have been lagging a bit. The analysts have been out flogging their favorite Internet stocks in the past couple of days.

Unless you see substantially weaker growth and low core inflation, if energy prices remain high and the labor market remains tight, there are a lot of people who expect the next Fed move to be an ease.