You have to continue to buy the stocks that are leading the market, and for the foreseeable future, that means technology.
More Quotes from Francis Gannon:
I think we're going to see further consolidation in the pharmaceutical industry. I think that's going to continue into 1999.Francis Gannon
If you go back and recall two years ago, when everyone switched from Pentium II to Pentium II, and now we're switching from P-II to Pentium III, you saw a lot of inventories be built up - customers putting off their buying.
Francis Gannon
I think the productivity numbers you saw this morning lessen the fears in the marketplace about the Fed raising rates.
Francis Gannon
I still think you'll have favorable growth this year and going into next.
Francis Gannon
I like Boeing, which people forget is actually a defense stock, ... I think the defense industry in general is an industry that has gone through its boon, its bust, its consolidation, and there's an enormous amount of operating leverage now at the bottom line.
Francis Gannon
Those are the stocks that have worked this year. There's a lot of argument right now in the marketplace about valuations the top 50 stocks in the SP are way overvalued. You have to stick with the horses that have gotten you to where you are on a year-to-date basis, and I believe those are the stocks that will carry us after the correction that we're in the process of having right now through the end of the year.
Francis Gannon
Readers Who Like This Quotation Also Like:
Based on Topics: Computers & Technology Quotes, Future QuotesThe focus should not be on talking. Talk is cheap. It must be on action.
Howard Berman
The grand jury's job is not to weigh the evidence from both sides; it is only to decide whether there is enough evidence on one side to bring a person to trial.
Donella Meadows
The public sector certainly includes the Department of Labor. Those are jobs that are available. They are open and they are good paying jobs. The government as a whole has been actually retrenching under President Clinton's leadership.
Alexis Herman