“This year has really been a small- and mid-cap market, particularly on the value side. I think 2005 will be a shift to larger companies, and more of a growth market from a value market.”
“My sense from just this brief analysis is we may avoid a rate hike in August. If you believe the economy is slowing down, we may be at the end of interest rate increases.”
“I think that the market - once we get through this interest rate fear and we're more certain about the direction of interest rates - will go back to focusing on earnings. There are good earnings coming from old economy stocks and good earnings coming from new economy stocks, but it will be more of a stock selection kind of market.”
“The large cap tech stocks in particular are really looking very, very attractive right now. At the moment, the small investor can start to step in, albeit slowly, because when these things begin, they don't typically turn right around. We could be looking at you know a weak quarter. But some of the large cap quality growth companies look very attractive right now.”
“The market can begin to repair itself in this kind of environment. We're making a very nice bottom here, and assuming the fundamentals are what we think they are, we should have a better market going forward.”
