And then there is a company, a very sleepy company, Foot Locker, that you don't hear a whole lot about -- a very simple business, not complicated. They're doing very, very well, ... They didn't over-expand into the end of the '90s. They typically run at about a 13, 14 PE ratio. They're above 11 now. We see the stock making a nice quiet gain over the next couple of months, and couple of quarters, and doing very, very well.
More Quotes from Art Hogan:
We've got more ongoing focus on the bond yields. We've been in lockstep with it all week, and today is no different. There aren't any market-moving items due today, so we'll look at energy prices today for something else to drive the market.Art Hogan
We opened up the floodgates of bad news, ... The good news is, a lot of this is behind us, and we probably overreacted on the downside.
Art Hogan
Although this is bad news for Main Street this is very good news for Wall Street,
Art Hogan
It's not a major deal, ... Whatever bets have been made most of the day (dried up) people are just walking away and waiting until tomorrow.
Art Hogan
There's been this tug of war all day between factors like falling oil prices, more negative than positive economic news and everything going on at GM,
Art Hogan
The market has been able to stomach a lot of bad news -- we've seen disasters every day and the market has trended higher, ... This is day four, so it's only natural to want to take profits.
Art Hogan
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