Phil Dow
Phil Dow
folks names
I think most folks are under-diversified, and I'd like to see more names in a portfolio,
caused coast economy focus following gulf major rebuilding resilient since
Rebuilding in the Gulf Coast will be a major focus following the destruction caused by hurricanes in the region. This is yet another demonstration of how resilient the economy has been since Sept. 11, 2001.
america corporate drive earnings economy eventually financial focus general good guide half high home last lower main market people period productive rather second showing stocks time trade unique wears year
I think a productive economy is the main thing people should take home with them. This is a unique period in American history. I think we'll look back on it as a time you wanted to own stocks rather than trade stocks. I think, secondarily, corporate America is showing good earnings reports. The second half of this year may be lower than the second half of last year, but they're still robust, probably in the high teens. I think if you focus on financial guide posts, that eventually will drive prices. I think you'll see the market in general do better as the year wears on.
close depressive economy emotional guess manic point seen wash
I think it's still emotional and we've seen a manic depressive market. It has very little to do with the economy and my guess is it will wash out at some point ? I think we're getting close here.
ahead believes expand holding market news seems volume
I think we are in a recovery, but no one ever believes it ahead of time. To me, it's pretty encouraging to see volume expand when the market is going up. And while the news is not improving, the market seems to be holding up.
capture driving groups guess headed leading market maybe percent represents technology
Right now, technology represents about 24 percent of the capitalization of the S&P, ... My guess is we're headed up to maybe the 20s or maybe 30 percent. If you look back historically, leading groups can capture that much of the market and I think technology's driving the market right now.
degree election focus impact main president sales
I think the main impact of the election has been a degree of uncertainty. Once we know who the president will be it will be very much like Y2K -- it will come and go. You have to focus on sales and earnings, and those have been pretty robust.
cash compelling flow quite standpoint stock value
From a cash flow standpoint and a value standpoint, the stock is quite attractive, ... I think those are all compelling arguments for long-term ownership.
bad continue focus indicate market
If the focus on the market were to continue to go up even with bad news, that would indicate to me we're going to recover.
buy market opinion pervasive recovery stocks time
What I see is this pervasive opinion that there will be a better time to buy stocks and that we'll all know it when it comes. But it's never that way. The only way to participate in a market recovery is to be in it beforehand.
months several turnaround
We've got to get through that and it's probably several months before we get a turnaround in any sectors,
guess next position stocks trend year
The overwhelming trend will be more to position portfolios for the next year and my guess is that you'll see some of the stocks that have done well do better,
coming environment lead months six three tough
Guidant may see three to six months of tough competitive environment with competitors coming out with innovation, but after that we think they're going to really lead the marketplace with innovation,
additional coming concerned downside economic gradual primarily time
With today's big decline, this isn't a time to be concerned about additional downside but about what can go right in the coming months, primarily a gradual economic recovery,