Phil Dow
Phil Dow
bad dangerous evidence looking meaning might news prize quite time traders
This is the first evidence that things might be better than they thought, and I think traders don't quite know what to do. I think we've been conditioned to bad news -- it's like a beaten-up prize fighter. I think it's a dangerous time to look for more of the same, meaning looking for more negative.
positive
This could be one of the more important positive tailwinds for the market,
argue hard shock
Once we get over the shock of the headline, I find it hard to argue that this is a negative.
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.
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,
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.
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.
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.
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,
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.
alan chairman worried
But he (Fed chairman Alan Greenspan) also said they're still worried and they're not through tightening.
accelerate america believe grow guess obviously recover
If you don't believe America is going to grow and recover from this, obviously you should sell, ... My guess is it's going to accelerate our recovery.