I think we need to have more storms in the Northeast it just makes for a better market. Investors just really, really want to own tech stocks. Ultimately we'll make money on those stocks again but short-term we really have pretty poor fundamentals.
More Quotes from Grace Fey:
If you look at the correction that's already occurred in the leadership group, tech, over the past few weeks, it's been pretty severe. I don't expect that there will be a dramatic sell-off on Tuesday -- stocks will go sideways for a while until people become convinced that, while multiples won't expand, the earnings outlook looks pretty good.Grace Fey
My sense from just this brief analysis is we may avoid a rate hike in August. If you believe the economy is slowing down, we may be at the end of interest rate increases.
Grace Fey
I wouldn't be surprised to see (the Dow) trend lower because markets don't trend up in a time of rising interest rates.
Grace Fey
I think the worry is they are going to say something negative about the third quarter.
Grace Fey
This year has really been a small- and mid-cap market, particularly on the value side. I think 2005 will be a shift to larger companies, and more of a growth market from a value market.
Grace Fey
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