47 Quotes by Douglas Altabef

Today, there isn't any economic news, and the earnings news is having an impact on those stocks but not the broader market.

Wal-Mart is ? I would argue is a fairly recession-resistant retail.

With Iraq off center stage, there is more good to focus on than not. The prospect of a double-dip recession will fade, I think.

You had a terrible day Friday with the market pricing in the reality of these events and you have a continuation of that reaction now. There are no surprises. It's pretty much across-the-board negativity.

What companies report now is less influential than what they say about future quarters.

We expect the year to end 2 to 3 percent higher or lower than where it is now. The case for it going down is a massive run of profit taking. The case for it going up is people wanting to get a jump on the January rally.

We think one of the more exciting opportunities this year in the market are in the tech sector.

Earnings have been good, but what you're starting to see is a return to the attitude about earnings that we saw in the late 1990's, where you're seeing more talk about whisper numbers, higher expectations, and a more punitive reaction to numbers that disappoint.

There's no real compelling reason for stocks to be up. But you've got little new news and there's an upward bias, so we're up today after a few days of selling.