Phil Roth Quotes (8 Quotes)

That shows a significant drop in speculative interest.

We're in a bit of a hiatus period here. Earnings for the first quarter are out and that's already in the market. The Federal Reserve did what it was going to do and that's in the market and we've got a neutral position in the short term for a lot of stocks.

I've said we would make a cyclical top in the first half of 2004. It may not happen until the third quarter, but the ingredients are moving into place.

Next, we worry about the 'January effect,' or lack of it.

We won't know about that until next week. For now, we give the benefit of the doubt to the upside and still look for nominal additional gains early in 2006.

You don't need much of a reason these days to go down 5 or 6 percent. And we have some good reasons today bonds are down and the dollar is getting clobbered.

The bullish scenario would be, it the market rallies again today and tomorrow. That would be a sign the rebuilding has started.

Intel isn't the market. They're marking the futures down, but I think this is a minimal affair. Everybody already knew the tech sector is in trouble. This is nervous traders protecting themselves -- not the start of a new decline.