Tony Dwyer
Tony Dwyer
acquire ahead cash companies environment leaders levels looking low stocks taken tech
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.
business companies excellent fare given internet subject sun technology type
Technology should fare real well, given all the business being done on the Internet right now. Those subject to the Internet, like a Sun Microsystems, those type of companies should have excellent earnings.
bad brings cnn figure fox happen market means msnbc nobody picture stream takes technical totally
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.
broad buyer earnings grown next stock stocks
Earnings have grown much more than stock prices. I would be a broad buyer of stocks for the next year.
dominate everybody traders volatility year
Everybody is done with the year now, so it's just going to be traders that dominate the tape. I think that you're going to see a lot of intraday volatility without much real movement.
clearly expect higher impact negatively rates stocks
Stocks are clearly under pressure. You would expect the higher rates to negatively impact the consumer.
acting consumers group numbers problem signs spend
These numbers look pretty good. The problem with the group as a whole is that we have signs of a slowdown in the economy, and they are acting like consumers are never going to spend another dollar.
cut last negative people prices saw selling sentiment strength using
It's really a continuation of the selling that we saw last week. Sentiment was negative going into yesterday, so a lot of people are using the strength in yesterday's prices to cut losses.
bit good market moderate normal pace profit run taking time
Nothing for the time being suggests more than a moderate pace of rate hikes. There is a bit if nervousness out there. The other thing is that the market has had a good run and this is a normal pullback with a little bit of profit taking going on.
beaten companies corporate economic economy expecting market negative news picture profit reports weak
We've had a market where negative news on the economy and the corporate profit picture have dominated. Companies may have beaten lowered estimates, but we're expecting weak economic reports this week.
buying decline lack limited market percent pull rally selling total
We could pull back a bit, but it will be limited to about a 5 percent decline and it will be quick. This market rally has not been about buying interest, but about the total lack of selling interest.
kidding sidelines sit
You don't know how this is going to end. No kidding we're going to win, but how are we going to win? There's nothing to do but just sit on the sidelines and pray.
hope last meaningful move point time
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.
everybody market next people
This is a market where too many people have already bought. Everybody is already in, so who's going to be the next buyer?