83 Quotes by Ken Tower
- Author Ken Tower
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These is certainly some life in the Nasdaq stocks. The heavy growth story is getting some play.
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These hearings have an impact on investor psychology, they make people nervous, and that's why we're having a rally at the close.
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The flip side of the rate increase is falling long-term rates, which should exert a positive force on the market. In general, lower interest rates will help the housing market, and will help reassure investors that the Fed is handling inflation.
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The chart looks awful on Intel, ... It may be a great buy but it's too early to see.
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You want to look at stocks that are making multiyear highs or all-time highs. Those companies have a lot of support out there in the investment community. People think these companies are doing well, but if you want to buy a stock that's up from $1 to $3, maybe they survive and maybe they don't, that's just a riskier approach.
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The four stocks you are adding have done much better than the four you are taking out, and they have much better prospects.
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The market was ripe for some good news to provide an excuse for the rally. If it wasn't (Greenspan), it would have been something else.
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The market strength is good right now, but when I look ahead, I'm feeling rather torn right now. My forecast this year is for a bear market, but for now, I'm willing to give the bulls the benefit of the doubt.
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The market may not be able to overlook Intel's warning, but the fact that it's able to absorb the negative news without a steep price decline is a positive signal.
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