The investment community currently seems to be gleaning more of its market insight from the headlines scrolling across CNN and Fox news Channel than from underlying business fundamentals,
More Quotes from Tobias Levkovich:
Tech has been the biggest factor behind the latest bull run, so the fact that stocks are down seems fairly reasonable. I hesitate to sit back and say this a great buying opportunity.Tobias Levkovich
That, in our opinion, probably suggests we're close to the bottom.
Tobias Levkovich
In a strange way, the skeptics are keeping us bullish. When they concede defeat, there will no longer be a 'wall of worry' to surmount.
Tobias Levkovich
Over time, specific industry fundamentals are far more important than election results.
Tobias Levkovich
McManus has been right, but so what ... You have forces at work that don't have anything to do with strategy. In an environment where everybody is losing money, this directional stuff isn't that important. People are playing a lot of defense.
Tobias Levkovich
You can see the fad, and know it's just a matter of time until it blows up. When people get worried, they will want the safety of U.S. equities.
Tobias Levkovich
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