If you're a day trader and you can stomach market volatility on a day-to-day basis, ... and want to play that momentum, stick with technology and biotechnology. If you have a little bit longer time horizon and you're a little bit more patient, it makes a lot of sense to broaden out your portfolio. Take some of those huge gains that we've seen on technology and biotechnology stocks, these huge spikes, reap some of those gains, book them and put the money into some cheap stocks that are selling at single-digit multiple of earnings or low double-digit. There are a lot of cheap inexpensive stocks out there.
More Quotes from Tim Ghriskey:It's taken a while to generate the real increase in trash levels that these companies benefit from. That's what we're finally seeing flow through here.
Regardless of the outcome of this case, today's ruling is going to mean a market share loss for Blackberry and a gain for Palm.
His speech was really focused on real estate. But then again if his comments cause some money to come out of the housing market and some money to come out of the credit market, where does it go It probably goes into the equity market.
I think there is a growing perception that the next move by the Fed could actually be to ease -- in other words, lower rates. Now, we're not going to see that certainly before the election, but we could see it late this year, early next year. I think as that perception might spread through the markets and become the consensus, we could actually see a rally in technology stocks,
There has been very much a sea change of investor opinion here. We've gone from a period where the Fed was simply moderating growth to a period where the Fed is trying to restrain growth or even depress growth.
The results were very impressive, especially given the market environment, ... Clearly the trading business made the quarter, helped by Spear Leeds, which obviously distorted it a little bit.
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There are a lot of people out there who think that I am their worst enemy, and I don't even care if these people exist.
For years after I resigned, I was still faithful to their way of thinking. But not in the American Communists.
I think that the pendulum will swing back to the other side one day.