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.
More Quotes from Tony Dwyer:
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.Tony Dwyer
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.
Tony Dwyer
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.
Tony Dwyer
We're due for a week's worth of consolidation. Just some backing and filling. Following that, we can head higher.
Tony Dwyer
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.
Tony Dwyer
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
Tony Dwyer
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Based on Keywords: msnbc, war-drivenI think it's a very central tenet to it yes, it is. I can't bear it, I can't bear inequality, I can't bear bad behaviour to other people. I cannot bear it that people are mean to people who can't help what they are.
Janet Suzman
Men create the gods in their own image.
Xenophanes
The job of arguing with the umpire belongs to the manager, because it won't hurt the team if he gets thrown out of the game.
Earl Weaver