17 Quotes by Scott Bleier
- Author Scott Bleier
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They do wireless and cellular. They make semiconductors and they own the set-top box manufacturer, General Instrument. Broadband is going to be coming into your home via either a cable box or a wireless box. I just think they have it covered her and the fact is they reported their earnings and a little margin squeeze at the time when technology stocks were crashing.
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A buy-the-dip mentality remains very strong in the minds of the market. Technology stocks are where all the action is, where all the volatility resides, where all the big gains come into play. These are the darlings of the market.
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Everybody on Wall Street knew how ridiculous the month of February was, but we still had to be in it, ... We asked ourselves, 'Are these things justified by any measure of valuation?' The answer is, unequivocally 'No.' But you have to participate in order to make money for your clients.
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These oil stocks that have huge runs, oil exploration, oil services, I think you sell them now and they pull back and stay down for years with the price of oil.
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The correction looks scary, scarier than anything we've ever seen. But it is in direct proportion to the move up. There will continue to be momentum-oriented moves, but for the most part, I think that Nasdaq is in the process of digesting incredible gains and hammering out a consolidation range.
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This has nothing to do with the Fed. This is all end-of-quarter window dressing.
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The market is acting like we were just coming out of a recession. It's about as tough and confusing on a day-to-day basis because of all this rotation. The market is looking past the (economic) slowdown, past the (presidential) election and out to the first quarter of 2001.
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The market is acting like we were just coming out of a recession, ... It's about as tough and confusing on a day-to-day basis because of all this rotation. The market is looking past the (economic) slowdown, past the (presidential) election and out to the first quarter of 2001.
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