The fact that we were only down 20 points after the inordinate gain yesterday was pretty impressive.
More Quotes from Bernadette Murphy:
The realization now is that the economy really is starting to slow down. And we've had figures from certain industries that would indicate that. And so therefore, investors are trying to put their money where gains in growth and earnings will take place, even in a slower economy. The areas that I think have been benefiting, and I think will continue to benefit, are the financial and health care sectors because that has been a traditional growth area. But not at the percentage gains that some of the technology companies have experienced.Bernadette Murphy
There are thousands of companies that are honestly run, but ... Enron has spilled over into other companies, ... I think Enron is unique, but the worry is still there.
Bernadette Murphy
Over the past 50 years, the average gain in the stock market has been roughly 16 percent a year. That, considering where we closed at the end of 1995, would put us just under 6,000. Those are big numbers, but on a percentage basis they're within the scope of a bull market.
Bernadette Murphy
We went through this whole process in late May and we had a 7 percent correction. We regained almost the whole amount that we lost, and now with these numbers, investors are right back in the same mind set that they were at the end of May.
Bernadette Murphy
Frequently in the fall of the years, there is a decline or correction in the stock market, and November tends to be the recovery month, ... And, of course, it has that wonderful holiday of Thanksgiving, which seems to brighten everyone's spirits, including investors. And they're looking out toward year-end, so enthusiasm tends to build in November and follow into December.
Bernadette Murphy
In the industrial machinery area I've noticed Ingersoll-Rand has really created a wonderful base and demand is breaking it out,
Bernadette Murphy
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