83 Quotes by Ken Tower
- Author Ken Tower
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Technically, we've been very optimistic about the market bottoming out right now. Since the July lows, this is a double bottom, so we're still very optimistic,
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- Author Ken Tower
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Technical indicators help investors avoid downward spirals like Enron. That being said, I don't pay much attention to news. I pay attention to how investors react to news. A good or bad reaction is more important than the news itself.
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- Author Ken Tower
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Technical indicators help investors avoid downward spirals like Enron, ... That being said, I don't pay much attention to news. I pay attention to how investors react to news. A good or bad reaction is more important than the news itself.
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- Author Ken Tower
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Despite yesterday's broad advance, trader sentiment remains sober.
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A new Fed chairman is an unknown and as such offers nervous investors an excuse to sell.
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You're seeing the fast money shift around a bit, and short term, that's good for stocks. Longer term, you have to consider that at some point, energy prices are going to catch up to the economy and the market.
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You might be inclined to explain away last week's weakness by noting the low volume and people on vacation, but the historical record of year-end rallies was built on similar conditions. More likely, the absence of sideline cash will become a common problem throughout the year.
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This is a really tricky time for investors, because there is such a strong seasonal tendency for markets to struggle.
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