It's a very cautious market. We're saying take a step back from the day-to-day and look at the big picture.
More Quotes from 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
I think the performance gap between the new-economy and old-economy stocks is like a rubber band it seems to be snapping the other way. The new economy sounds very exciting, but you're still going to need food, medicine and electricity to survive.
Alan Skrainka
The bond market was so weak all day that it pushed the broader market lower. Investors weren't talking about if the Fed will raise rates, but how much.
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
It looks like the threat of breaking up the company has been taken off the table and is beginning to fade.
Alan Skrainka
This economy is facing a temporary setback. What it's going to take is time.
Alan Skrainka
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