Momentum investing has become more and more in vogue. When certain stocks start to move, there's a tendency toward massive concentration.
More Quotes from Terrence Gabriel:
To a certain extent, the demands on productivity are so strong and the pace of innovation is so great. There is tremendous pressure and need to spend money on the business infrastructure to continue to maintain and improve productivity.Terrence Gabriel
We have 30-year bond yield pressing toward 6.70 percent, when you couple that with the kind of strength we had yesterday, you're going to find ample reason to take profits.
Terrence Gabriel
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.
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
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
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Understanding is a two-way street.Eleanor Roosevelt
And I have no doubt that the American people generally believe the world is safer, and that we are safer, when we are stronger.
Jeane Kirkpatrick
Our members are very much maligned. Obviously the average age is 60 something, but they all have children and grandchildren, they understand what we need to do, they want to win.
Francis Maude