20 Quotes by Scotty George

With the confidence crisis in the U.S. markets, investors will look to more conservative stocks as prices consolidate, and Burlington Northern is one of these safer stocks.

But more generally, we're seeing a follow through on a lot of the value buying that lifted us in the summer and it's creating some psychological support.

We've really gorged ourselves on stocks for the last eight weeks. The damage is really across many sectors. More than the AOL news -- the market is really tired of the feast. We need to push ourselves away from the table.

Right now the market is not reacting to fundamentals but is driven by the psychological. That's certainly the reaction you're seeing after the Fed news.

This is an 18-year bull market that is expiring. The bull isn't but the phasing is. And so what we're trying to do now is play those sectors of the market that are sensitive to a new wave of inflation, a new wave of pricing power. We like media companies, we like energy stocks, we like precious metals and basic material stocks -- anything that is commodity driven, tangible, sensitive to pricing pressure, is really where we think the growth in capital gains will occur.

This lateral consolidation could persist through May. But that's not a negative. The longer the market can sustain this lateral consolidation, the more of a base it can create to expand.

It's the micro management, the machinations up and down of interest rates, that has really gotten us to the point where we are now, rather than the market playing out at its own natural cycle. So the Fed today, I believe, will take a look back at the landscape, assess what they've done, and probably use August to evaluate whether or not to come back in and raise rates.

I mean we've had a consolidation but we haven't penetrated any long term support levels, and so, as I said, we're in a period of commonality where traditional market leadership may take hold and make some of us older guys look a little better than the-you know, high tech performers.

Clearly, the market has been on hold with the events in Iraq, and we're now nearing a crisis deadline. Markets love to work with a balance of certainty. After several weeks of selling, we're now looking at some value hunting.