Ken Tower Quotes (51 Quotes)

It's only Chinese water torture to people who hold the Dow. For those in the Nasdaq it's an incredible party.

We are at the top of a trading range. Everyone's willing to be bullish, but is the cash there to provide the energy the bulls need, or is the December high the high-water mark Dow 11,000 is one of the hooks the bulls will use to try and attract more money into the market.

We are at a major crossroads here. If we are unable to break out of this trading range to the upside soon, then there is a danger that we could quickly slide back down again to the lows.

You have to be a little nervous about this number. This is going to do nothing but make us focus more on next week's Fed meeting as investors keep searching about inflation clues.

And Wrigley has been very strong for some time, continues to move higher, ... Just had another breakout to a new high. There are lots of stocks in this market that are doing quite well. They just aren't technology stocks.

Technical indicators help investors avoid downward spirals like Enron. That being said, I don't pay much attention to news. I pay attention to how investors react to news. A good or bad reaction is more important than the news itself.

Unless we get a negative surprise on a piece of economic data that's really out of the ordinary, then it's going to be a subdued week with the Fed meeting right around the corner.

The Fed is going to have a hard time stopping their increases if the economy seems to be gaining strength. I think the Fed will have a very hard time talking down the inflation hawks if the data comes in stronger than expected.

Even though the news has been dismal this week, investors have to keep an eye on the July Lows. As long as the Dow and the SP stay above those lows, you have to be ready for some good news. If you take those lows out, the market will sink lower.

There is no person on the planet who is going to be able to fill Greenspan's spot without a test, ... I'm not sure that it's a coincidence that the market crash of 1987 happened two months after Greenspan took office.

The market may not be able to overlook Intel's warning, but the fact that it's able to absorb the negative news without a steep price decline is a positive signal.

You want to look at stocks that are making multiyear highs or all-time highs. Those companies have a lot of support out there in the investment community. People think these companies are doing well, but if you want to buy a stock that's up from 1 to 3, maybe they survive and maybe they don't, that's just a riskier approach.

Today's rise is a good sign. What we're seeing is that the bulls are not dead and the market had bounced off key short-term lows, which is what you would expect from an uptrend.

The recent stock rally was fueled by the idea that the Fed is nearly done and I am concerned that such a hope could be in trouble. If the economy is growing faster than investors are expecting, that could be a problem.

The whole tech sector jumped after the IBM announcement and it may spark a rally tomorrow. But it's one piece of good news. Could the impact be erased by a subsequent piece of bad news between now and tomorrow Sure.

These hearings have an impact on investor psychology, they make people nervous, and that's why we're having a rally at the close.

Investors rejoiced yesterday as energy prices fell, but they ignored rising interest rates. I don't think it will be too long before the focus shifts back to rising rates and an inverted yield curve.

The market strength is good right now, but when I look ahead, I'm feeling rather torn right now. My forecast this year is for a bear market, but for now, I'm willing to give the bulls the benefit of the doubt.

The market is reacting to disappointment in some of the earnings reports and also to the stronger-than-expected economic data that came out.

Financials led the sector rally yesterday. Tech has been getting a lot of bullish press recently, but its relative performance continues to suffer. It's premature to put this into the leading sector category.

These are things that people can be nervous about and, yes, they're concerns. But let's face it the world has trouble almost every day. It's probably not a major factor for our market.

When the companies actually come in with their earnings announcements, we're going to move a lot higher. I think when investors look through the rubble after the correction we've seen they are going to find some real good values.

Employment cost is below expectations, which should encourage the Federal Reserve at next week's meeting to maintain a balanced approach.

I think there is a wait-and-see attitude about next week's Fed meeting. Investors are thinking that perhaps the recent weaker-than-expected employment report means that the Fed is near the end of its rate-hiking cycle, but I don't think that's the case.

Right now, it's the yield curve that everyone will be watching. Now we're wondering what type of economic growth we'll have going forward. For investors, it's always possible that this time will be different, but we still have to be defensive going into 2006.

I think the question the market is struggling with is whether we are concerned about inflation and too strong an economy, or if the Fed is raising interest rates too much and cooling things off. So we have a little pause in the market today as it tries to work this question out.

The market was ripe for some good news to provide an excuse for the rally. If it wasn't (Greenspan), it would have been something else.

At this moment the Fed would like to stop raising rates. But if the employment cost index shows too much wage inflation, then the inflation hawks will make it hard for them to stop.

Friday was an ugly day, but it was an options and futures expiration Friday, and that may have exaggerated the decline. Additionally, there were still a lot of stocks making new highs for the week as a whole. Longer-term traders can start looking for buying opportunities. I don't think there's any rush to find those opportunities, but it's too early to panic on the overall market trend.

This was one of the last areas of technology that still had the great, glory days of April going for it. The market is just not willing to put up with those high PEs and is shooting them down one by one.

I'm left with the sense that this is a trading-range market, not a larger decline. The major averages are now coming down to their late August lows, which are presumably the low end of this trading range. There wasn't any real sign of a reversal yesterday, but support is nearby and downside leadership is poor.

I see the whole business cycle slowing down.

I think the market's sending a very clear signal that it wants to move higher,

This rally is very fragile, as it is being led once again by energy stocks and not technology or finance. This is no time for the bulls to relax.

Today we should get some idea of just how strong the bears are. Yesterday's lack of reaction implies traders don't think the bears have much of a game here.

In my experience the market doesn't remain trapped in that kind of narrow trading range for long. So expect the market to break out. But which way

We're thinking that yesterday's rally will probably go back down and test the low today... So, this afternoon, we're looking again probably for the market to sell off.

This is pretty much a continuation of what we've seen for four months now. The value stocks are doing better and people are moving out of technology.

Finally, the market got a reaction after that water torture of a decline in July. People reacted, which is very good in terms of looking for a bottom.

You might be inclined to explain away last week's weakness by noting the low volume and people on vacation, but the historical record of year-end rallies was built on similar conditions. More likely, the absence of sideline cash will become a common problem throughout the year.

These is certainly some life in the Nasdaq stocks. The heavy growth story is getting some play.

The market has been stuck in a very tight trading range for a month. Yesterday's NYSE volume of just over a billion shares makes me nervous. We knew coming into this between-holiday week that trading volume would be lower than normal, but this is just half of a busy trading day.

This is a really tricky time for investors, because there is such a strong seasonal tendency for markets to struggle.

Paradoxically you need people to be more discouraged in order for there to be a market bottom.

What would make me more optimistic is if there was evidence that money on the sidelines is being put to work. But I'm not convinced.

Yesterday's high now become key resistance. Because the longer term trends all remain up, there are lots of support zones below current prices. The big Nasdaq stocks have been the weak link in the rally, as demonstrated again yesterday by being the only major average to fall.

This proved the spark to push the market higher. It was great news.

With the technical picture so cloudy you may be tempted to sit this one out and wait for clear evidence of whether market direction is naughty or nice before initiating either long or short positions.

Yesterday was a disaster for the bulls. We're right back to the lows we've seen lately, and until we fall through those, it's bad but not devastating.

A new Fed chairman is an unknown and as such offers nervous investors an excuse to sell.