When you have a low volume Friday selloff, you'll sometimes see the bargain hunters come back in Monday.
More Quotes from Art Hogan:
(Techs) had such a terrific run for the past two weeks that I believe some people are taking this opportunity to take some money off the table and invest it in the 'old economy,'Art Hogan
This was a nice way to start off the new year. A lot of this was driven by the fact that the Fed confirmed that end is in sight. We've held onto the belief that when the Fed ends that stock prices will go up. We'll still have rate hikes but the market is celebrating that we'll see an ending sooner than later.
Art Hogan
The decision being expedited is good news, ... There's light at the end of the tunnel.
Art Hogan
We should shrug this off and realize that this is the best fourth-quarter earnings we've seen in years,
Art Hogan
We've priced to perfection, so you're going to have a little bit of a retrenchment,
Art Hogan
Today we had some positive economic data and we came into the market oversold, ... I don't think we've fixed the oversold position -- I think we're still cheap. Tomorrow there will be some focus on factory orders and Cisco earnings.
Art Hogan
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