It's almost like now the psychology is shifting to expectations that sequential quarters will in fact decline. Rightly or wrongly, that's the perception that's taking hold.
More Quotes from Terrence Gabriel:
It comes down to rate fears. The Fed is going to have to get pretty aggressive. We're quite worried about the interest rate outlook.Terrence Gabriel
Momentum investing has become more and more in vogue. When certain stocks start to move, there's a tendency toward massive concentration.
Terrence Gabriel
People feel the growth is there whether you push rates up to 6.50 percent or 6.80 percent.
Terrence Gabriel
I think the Qualcomm report may be dampening sentiment and Compaq's report is somewhat mixed. It does seem that disappointment over the Qualcomm report is feeding into the tech stocks.
Terrence Gabriel
I think the Nasdaq was facing a lot of profit taking already. Certainly on the Nasdaq today, the Microsoft issue is hitting stocks in general.
Terrence Gabriel
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Norman Wisdom
To be able to make a good living in a challenging medium like soap operas is great. The best is that I get to act and am rewarded for it. And the people I work with are great. Funny, intelligent, hard working. They're all great to be around.
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I am not afraid... I was born to do this.
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