McManus has been right, but so what ... You have forces at work that don't have anything to do with strategy. In an environment where everybody is losing money, this directional stuff isn't that important. People are playing a lot of defense.
More Quotes from Tobias Levkovich:
There could be a hiccup at the beginning of the year, but we would look at that as a buying opportunity.Tobias Levkovich
If people we're really trying to manipulate earnings you would think they would have done a better job.
Tobias Levkovich
The investment community currently seems to be gleaning more of its market insight from the headlines scrolling across CNN and Fox news Channel than from underlying business fundamentals,
Tobias Levkovich
We think most investors already seem to expect a Bush victory. Consequently, we infer that a Bush victory would be somewhat anti-climactic.
Tobias Levkovich
The two primary factors that held up the market were the Fed raising rates ... and that energy prices were far more excitable than people had anticipated.
Tobias Levkovich
If everything breaks right, our forecasts could prove to be too conservative.
Tobias Levkovich
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