21 Quotes by Tom Hougaard

...we are holding the flat line, but we are vulnerable to the downside. A lot of people are getting worried about the market...we are long overdue for a decent correction.

There is no doubt that the recent rally is fueled by a lot of short covering from bears thinking the New Orleans debacle would cause jitters on Wall Street.

The profit warning from Sun Micro is casting somewhat of a shadow over the European markets.

I feel that we were so long overdue a correction after the euphoria around the New Year. In the big scheme of things the only thing that worries me is that if those investors who use fundamentals to evaluate stocks change their view, then we could have seen a top that will last for some time.

It is a 100 percent certainty according to the U.S. interest rate bonds that Mr. Greenspan will cut rates by 25 basis points.

Valuations are very high for the current economic climate or indeed even a prosperous climate. So it looks like what we are dealing with here is a bear market rally.

We are obviously expecting to a see a sea of red this morning. The selling has been relentless through the night and currently the Dow is being called down about 100 points.

We could see a little bit of a relief bounce if the (economic) numbers are good. Also, today and Monday are the last days of the month, so it wouldn't surprise me if some funds throw a little bit of money at the market to boost some key names ahead of the 31st of October.

As it often happens on market holidays in the U.S., the European market goes very quiet and trades in a range all day.