AH
Alan Hoffman
15quotes
Quotes by Alan Hoffman
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In the overall market, it's just going to be more of the same with a good deal of volatility, ... It's been a long bull market and, in the event that the market might turn bearish, there's more than a usual amount of nervousness about holdings in long positions. Investors are locking in profits in a more knee-jerk fashion than they would be if we were dealing with a more stable environment.
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It's beginning to bump up, but we don't think that it's nearly as vulnerable as some other technology stocks, because it benefits from Y2K, ... It benefits from Internet proliferation.
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This morning's job report was the first sign that the strong economic growth we saw with fourth-quarter GDP has some holes in it and the economy might not be as strong as the bear suggested -- so strong, that it would lead the Fed to tighten interest rates.
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This certainly makes the case for investing in companies that export. Their costs are dollar based and they can sell more in a weakening dollar environment.
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We will see volatility in the technology sector as always, but longer term we think the U.S. equity market is the place to be ... The solid names are the solid areas.
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I think the Nasdaq is playing catch-up, because we have had a full blown correction in most of the major indexes, but the Nasdaq hung up there I think toward participating fully,
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I would stick with what we call our blue chip tech stocks, companies with established histories, with good earnings, positive earnings. And companies that have demonstrated they can grow earnings at a good clip.
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