Richard Suttmeier Quotes (13 Quotes)

The market is looking for that soft landing. If we can get through the productivity unit labor cost next week, and they are benign, and it takes the Fed totally off the radar screen, then we'll get a relief rally, but not a bull market. So we're in a non-bear market, non-bull market. We're in a trading-range environment.

There's complacency in the market. In my experience, the correction (tends to be) a bigger one the longer you go without one.

What I don't want to see is the Dow fall below that October low, because then you're in danger of seeing a Dow 5,000 scenario.

We could be looking at the mirror image of what happened in April of last year, where we got above the 50-day and 200-day averages and then the trend turned up. The risk of rolling the other way is the opposite of that action.

It's a question of how long you've owned it. If you've owned it from 1997 levels, maybe you own from 30 a share post splits. And if that's the case, you want to take a look at how much money did I have invested in Microsoft two, three, or four years ago, how much money do I have invested in Microsoft now, and maybe pare it back a little due to the uncertainty.

That moving-average rollover is the mirror image of a bullish crossover that happened in March-April of 2003. That gives a significant amount of risk to the market.

When we've had company-specific disappointments like this over the past two years, we've seen buyers come in after the midday to snap up bargains. If that doesn't happen, it could be very bad. We could see the Dow at 10,500, which would be a blow less than a week after everyone was talking about tripping over 11,000.

As we get closer to the quarter-end, if the Federal Reserve does not raise rates, and even indicates a neutral bias after that, you will have a quarter-ending window-dressing rally like you've never seen before,

You have so many unknowns. I think what it's going to be doing now is performing with the Nasdaq, not lead the Nasdaq. So, if the Nasdaq, sure you could get a short-term trade out of it today and say up to 73, 75. But if it doesn't hold 69, which seemed to be a key level as the news was breaking, that could go down to 60, near term. That's where I would put some longer-term money in.

I am optimistic about most of the stocks in the market because I think it's only the Dow and the transports that have a negative profile right now. We've evaluated and came up with 10 sectors that we thought were positioned the best in the year 2000, and moving forward in terms of providing leadership in the economy. And then in that

It's not a big roaring bull market. It's just a slow but steady climb towards resistance in terms of the Nasdaq. We could get up to 4,400 or 4,600 by the end of the quarter. In terms of the Dow, we're getting closer to resistance and we're in the zone. Maybe we can go up another couple of hundred points.

Bill Gross may have the most fixed-income assets on the planet but his ability to forecast what the Fed may or may not do is not very good,

All year long, it's been a tale of two markets. The momentum on the Dow is declining, and the Dow last week failed at its 200-day moving average, which is declining, two things that are negative for the Dow and for 'old economy' stocks. Whereas on the Nasdaq, since the big correction that we had, the Nasdaq momentum is now rising, and it traded back above its 200-day moving average, which is still rising. Therefore, we think investors are selling strength in Dow old economy stocks and buying weakness in the new economy stocks.