65 Quotes by Tim Ghriskey
- Author Tim Ghriskey
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I think there is a growing perception that the next move by the Fed could actually be to ease -- in other words, lower rates. Now, we're not going to see that certainly before the election, but we could see it late this year, early next year. I think as that perception might spread through the markets and become the consensus, we could actually see a rally in technology stocks,
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People are already reeling from high prices at the gas pump. I think they're going to be reeling even more from higher heating costs.
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Retailers are trying to push holiday sales early -- before those first big heating bills.
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Regardless of the outcome of this case, today's ruling is going to mean a market share loss for Blackberry and a gain for Palm.
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We don't think it does (change the pace), but it raises some uncertainty and the stock has sold off in some profit taking. This is a nervous market environment.
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There are a lot of investors we find who are hanging on to technology stocks with the hope that they're going to rebound, and that's still a very dangerous thing. We really need the capitulation of those investors. So we still could see more downside on the Nasdaq and in technology.
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When a company selling at this valuation and is this much of a Wall Street darling, and what we call a cult stock, misses earnings to the degree it missed here, the stock is really going to be hurt by it.
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There has been very much a sea change of investor opinion here. We've gone from a period where the Fed was simply moderating growth to a period where the Fed is trying to restrain growth or even depress growth.
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This should lead to a positive tone to the start of the market today and to the outlook for industrial earnings.
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