Tony Dwyer Quotes (31 Quotes)

If someone is planning to get long today, God bless. People are trapped long and they're hoping to get out and they're hoping it recovers. Hope is not a good investment thesis.

We've gone from a psychology a month and a half ago that the economy is growing too quickly, and the Fed is going to have to raise rates, to we're going to go towards a recession because the economy's slowing too quickly. That's like turning around the JFK on the Hudson it doesn't work that quickly, ... So you get fear coming into the market -- it just changes its nature. The fear was inflation. Now the fear is earnings. And it's going to end up somewhere in the middle. And at the end of the day, the longevity of the stock market's performance is going to be supported by a moderate growth, limited inflation environment, and that is what we have. It's not going to be robust growth -- 5.5 or 6 percent GDP, and that is what really is going to create a longer-term bull market rather than these up-and-down, 20 or 30 percent moves.

It's really a continuation of the selling that we saw last week. Sentiment was negative going into yesterday, so a lot of people are using the strength in yesterday's prices to cut losses.

That's just a reaction to four down weeks. You've got more factors to worry about now. Even if there's a war and it goes well, now you have far-reaching implications.

They've taken some of these stocks down to really low valuation levels in tech and telecom and the leaders are going to come out ahead of the game, ... This is an opportunistic environment for any of those companies that have cash and are looking to acquire technology.

There's a confidence in earnings that is offsetting the other trends. If 62 oil, a downgrade of GM and bombings in London can't derail the markets, what can

The combination of weaker industrial production and weaker consumer sentiment number

The futures are higher this morning because the markets don't really see anything happening. If nothing happens we'll probably get a relief rally. Today is a day of reflection for everybody. It's also a shortened trading day, so volume is expected to be light.

I think we are headed higher over time. I think people should use any pullback as a buying opportunity.

Nothing for the time being suggests more than a moderate pace of rate hikes. There is a bit if nervousness out there. The other thing is that the market has had a good run and this is a normal pullback with a little bit of profit taking going on.

Our theory in the Internet is buy the street, not the store, ... We'd rather own the street instead of just an individual store on the street. And Earthlink certainly fits that bill. And again, relative to the other stocks, it's the cheapest in the group.

The Iraq news definitely was a positive. This morning, people were fearful of the ISM data, which came mostly in line. So stocks tracked higher on these developments.

Instead of worrying about this quarter's earnings and the rate hike, let's look at 1998 now. Let's see what the kind of earnings we can have then. If there's no inflation in moderate growth, those numbers could come in very good, and the market can continue upwards.

The Dec. 8 deadline -- it's a geopolitical concern.

Technology should fare real well, given all the business being done on the Internet right now. Those subject to the Internet, like a Sun Microsystems, those type of companies should have excellent earnings,

We're due for a week's worth of consolidation. Just some backing and filling. Following that, we can head higher.

The market has done poorly over the recent couple of days and weeks. Three weeks ago, the fundamentals were improving and all was well with the world. Now there's depression back on Wall Street and it looks like the 'Santa Claus' rally is not going to happen. Having said that, this market is also driven by emotion.

We could pull back a bit, but it will be limited to about a 5 percent decline and it will be quick. This market rally has not been about buying interest, but about the total lack of selling interest.

Market players said they expected conditions to remain favorable on Wall Street through the upcoming corporate earnings season. Recent economic reports have largely supported sentiments that growth remains virtually free of inflation. Short-term interest rates should come down. Long-term interest rates should come down, ... There are no signs of inflation.

the people that have heard that this Internet thing is pretty neat, buy they didn't want to go out and spend a lot of money on a computer.

You would imagine that after a 19 percent gain in Nasdaq and after people thinking about it over the weekend, that they'd be out there selling. But it ain't happening.

I constantly hear the market can't keep going higher, that this advance has gone too far to fast and that a major decline is imminent. But every time I try to find an indicator to make me want to sell, I find something that makes me want to stay long and get longer instead.

This is that point where you hope for a bounce, but I don't think the time is right for a meaningful move up. I don't know if it's going to last through the day.

This is a market where too many people have already bought. Everybody is already in, so who's going to be the next buyer

They supply almost all the largest telecom companies in the world with some of the backbone products for voice messaging and things of that nature, ... This stock has surprised analysts -- met or exceeded analyst expectations for 20 straight quarters.

Nobody can figure out what's going to happen with the market -- they're all guessing, ... Let's say CNN or Fox or MSNBC brings up a picture of a GI in a bad situation. The market takes a dip. Is that a fundamental or a technical move No, it's a war-driven, live-video stream move, which means it's totally unpredictable.

That fact alone could act as a stabilizing force for the market this week. The U.S. consumer has been the linchpin of this economy. So this number doesn't bode well, especially as we enter the Christmas shopping season and retailers are already suffering because of the West Coast ports dispute .

That's a likely outcome. For the time being, as long as earnings are so strong, I think the worst of the market's worry about a Fed rate hike has probably already happened.

You're telling me an institutional manager is going to start buying because he sees a WorldCom exec going to jail. I'm not buying it. Hopefully, the process is a little bit more in depth than that.

There's a bias, because of the bubble-popping, to be negative no matter what after we've had a good rally, because you don't want to be accused of being too optimistic.

We've had a market where negative news on the economy and the corporate profit picture have dominated. Companies may have beaten lowered estimates, but we're expecting weak economic reports this week.