We're also still getting support from the low interest rates. While Treasury yields are not as low today as they've been, they are still historically at a substantial low, and that lends support to equities.
More Quotes from Michelle Clayman:
You're seeing some spillover weakness in Sun and the telecoms continue to waffle. There's still uncertainty about tech leadership.Michelle Clayman
September tends to be the take-a-breather month, historically. I would guess the market over the next few weeks will be bound to a narrow trading range as companies begin to report earnings.
Michelle Clayman
People are looking for a pretty good earnings pick-up in the second half of the year. The rate cuts are certainly going to kick in.
Michelle Clayman
Until both the economic and corporate news start moving more consistently higher, you won't see another big move up for stocks.
Michelle Clayman
A lot of the Nasdaq stocks had a tremendous performance last year and may have gotten ahead of themselves in the early part of this year.
Michelle Clayman
You have a number of issues, not the least of which is the upcoming Fourth of July holiday.
Michelle Clayman
Readers Who Like This Quotation Also Like:
Modest doubt is called the beacon of the wise.William Shakespeare
I'd like to change my butt. It hangs a little too long. God forbid what it will look like when I'm older. It will probably be dragging along on the ground behind me.
Teri Hatcher
Follow the path of the unsafe, independent thinker. Expose your ideas to the danger of controversy. Speak your mind and fear less the label of "crackpot" than the stigma of conformity.
Thomas John Watson, Sr.