47 Quotes by Douglas Altabef

It actually isn't a bad day -- it's a good day for techs. I think the most important thing is that earnings season is going pretty well. A lot of this is perception, and the economy may not be robust, but it's not sick. There's certainly a lot of anxiety out there among individual investors.

I think the market is beset with tenacious negativity. It's a 'glass is half empty' attitude in the market, where bad news is interpreted as bad news and any good news is just OK.

I think that there is an upward bias. The market for the first time in a long while is wanting to go up.

I think as the year goes on there is going to be more conviction about an economic recovery. I think the market's sort of sideways with an upside bias at least for the next couple of months. I think we'll have a nice fourth quarter.

I think there is a lot of nervousness that we'll have a repeat of last time. No one wants to see this drag on like it did in 2000.

I think if you look at volume it would seem to indicate there very likely may be a return of investors. People who are more opportunistic have seen the signs. But a lot of people are waiting for clarity.

Merrill may be more of a tortoise, but they'll start to catch up.

You'll see markets continue to do the Cha-Cha, moving higher, but paced by brief retrenchments. It's not going to be as good as last year, but I think 2004 will still be a good year for the stock markets.

We were going to have a knee-jerk negative reaction to the Fed's decision no matter what, with so many different opinions on what should be done, but I think today, it may be that people are looking more closely at the statement and see it as the Fed saying things are slowly going in the right direction.