I think people are looking for good value in the market and they're finding it in 'old economy' stocks. What these companies have in common is they're all viewed as great companies at a strong price that are not dependent on a slow economy.
More Quotes from Alan Skrainka:
They already made an investment decision prior to the rule change being official.Alan Skrainka
There's cautiousness about the interest-rate outlook --- a bit of consolidation after very strong gains.
Alan Skrainka
There's still a lot of concern about slowing personal computer sales and reduced corporate information technology purchases.
Alan Skrainka
What you have going on in this market is a flight to quality, which is the blue chips, as tech stocks are priced to perfection.
Alan Skrainka
Over the last six years, we have experienced the largest drop in priceearnings ratios in the history of the U.S. stock market, going back to 1871. 2006 has the potential to be a great year for stock investors.
Alan Skrainka
The word for 2001 is look for opportunities. There are problems in the economy but they have gotten aggressive responses from policy makers.
Alan Skrainka
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