23 Quotes by Alfred Kugel

This was a big psychological negative and I think it was one of those things that triggered off the decline in tech stocks last summer. So the removal of the threat of breakup is a positive psychological thing.

At the moment there are no concerns on the immediate horizon.

Earnings are coming in 'in line' with expectations. We should still be up 15 percent year-over-year and that's better than we did in the first half.

Now it looks like the Fed might raise rates at the January meeting, and that might be it.

You really have a two-tier market with tech stocks going down and everything else going up. Part of this is because valuations in technology stocks got overdone this year and, at the same time, the Dow hadn't performed and now they look cheap.

This changed the whole psychology of the market from one of disappointment to one of optimism.

There's a lot of bad news priced into the market. If things turn out not to be as bad as discounted, we will have a rally this summer, and we will end the year 10 percent higher than we are now.

There's a lot of bad news priced into the market, ... If things turn out not to be as bad as discounted, we will have a rally this summer, and we will end the year 10 percent higher than we are now.

They're now looking at a situation where their shareholders are going to see the fund is down for the year but they're going to have to pay taxes on large gains. The managers are selling tech stocks that they might have bought at higher prices to realize losses and offset the gains.