Phil Dow
Phil Dow
companies people rest sector software spending tech thinking waiting
These software warnings have got people thinking that companies aren't spending their wads of cash. There may have been some unrealistic expectations, so I'm waiting to see how the rest of the tech sector does.
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.
economy hopefully slowing summer technology
Hopefully we'll see the economy slowing down by the summer and technology will take off.
main problem technology worse
The main problem is things keep getting worse in the technology space.
balance company equipment financial firm great throw waters
We like Waters Corporation, ... It's a company that specializes in equipment for biotech research, great balance sheet, firm fundamentals. In financials, we would throw in Wells Fargo, TCF Financial Corporation, and Citigroup.
bit doubt economic longer market mosaic pieces seeing short stock support sustained term together
Bit by bit we are seeing the pieces of the economic mosaic come together that could support a sustained stock market rally, at least in the short term ... But in the longer term, there are still significant questions, no doubt about it.
clearly great leader shot
We think Nokia is clearly going to be the leader in handsets, ... And we think they've got a great shot at infrastructure as well.
activity investors negative news traders trading
The trading activity has a negative bias. The news has been negative and it's frustrating for investors and traders alike.
immediate looking safe
I think if you're looking for immediate gratification, there's probably no place that's real safe to buy,
folks names
I think most folks are under-diversified, and I'd like to see more names in a portfolio,
months several turnaround
We've got to get through that and it's probably several months before we get a turnaround in any sectors,
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.
gradually historical moves series shock terrible
If we have a series of big moves up, that would be a shock to the system, ... but, considering where are from a historical perspective, they could go up more gradually and not be a terrible headwind for the market.
buying expanding transition turned yesterday
My sense is that we may be at a really important transition point. Yesterday was a pretty important day. (The market) turned around on expanding volume, which indicated some real buying going on.