Richard McCabe
Richard McCabe
Richard McCabeis a Scottish actor who has specialised in classical theatre. He is an Associate Artist of the Royal Shakespeare Company...
NationalityScottish
ProfessionActor
average market process since
I think it's all part of the bottoming out process that the market average have been going through since mid-April,
basic consumer declined exposure financial increase investors ought percent rebounds recent reduce stocks technology tests
We think that investors ought to use rebounds to reduce exposure to technology stocks that have declined by 40-to-50 percent or more from their recent highs, ... They should also use pullbacks or tests to increase commitments to the energy, basic industry, consumer cyclical, and financial sectors of the market.
cyclical decline expect unfold
We expect that a cyclical decline will unfold in 2006.
averages lose market moves recent
While the recent moves of the market averages may be discouraging, we would not lose hope.
degree experience majority tells vast whereas
Experience tells us that whereas that degree of recognition can happen for one or two actors, for the vast majority it doesn't, so what matters is to try and be a better actor.
above advance driving early effect extended happen include maybe might peter spring stocks unless
What's going to happen is that unless the advance broadens out to include more stocks, the advance may peter out by early April, maybe a little above 10,000, ... I think we might see some kind of pullback in the spring that might particularly effect these very extended large-cap, blue-chip stocks that are driving the Dow and the S&P.
bad examples fed folklore october
October is not all that bad, but there have been some eye-catching examples that have fed the folklore that October can be a bad month.
dealing given problems
One of the real problems as an actor is dealing with how you feel on any given night.
economic far given gone money suddenly troubles
Money which may have gone there has suddenly shied away, given some of the economic troubles of the Far East.
momentum technical
I see a lot of technical momentum indicators as very oversold.
digest gains higher highs last march maybe move next percent phase recent week
I think in the next week or two, we may get a little pullback or reaction, maybe a 3 or 4 percent setback from the recent highs on the averages, just to digest the last phase of gains before we move higher in March and April.
september spend
We may spend most of September going sideways,
backing dips few filling investor sentiment shows weeks
I would still be very, very careful, ... There may still be some dips before we get into an advance. Things are getting better but we may have another few weeks of backing and filling -- investor sentiment still shows some complacency about risk.
asked
What's odd is that I've never been asked to do any comedy in film. That's something I could certainly do.