I constantly hear the market can't keep going higher, that this advance has gone too far to fast and that a major decline is imminent. But every time I try to find an indicator to make me want to sell, I find something that makes me want to stay long and get longer instead.
More Quotes from Tony Dwyer:
That's just a reaction to four down weeks. You've got more factors to worry about now. Even if there's a war and it goes well, now you have far-reaching implications.Tony Dwyer
Technology should fare real well, given all the business being done on the Internet right now. Those subject to the Internet, like a Sun Microsystems, those type of companies should have excellent earnings,
Tony Dwyer
The Dec. 8 deadline -- it's a geopolitical concern.
Tony Dwyer
Nothing for the time being suggests more than a moderate pace of rate hikes. There is a bit if nervousness out there. The other thing is that the market has had a good run and this is a normal pullback with a little bit of profit taking going on.
Tony Dwyer
Nobody can figure out what's going to happen with the market -- they're all guessing, ... Let's say CNN or Fox or MSNBC brings up a picture of a GI in a bad situation. The market takes a dip. Is that a fundamental or a technical move No, it's a war-driven, live-video stream move, which means it's totally unpredictable.
Tony Dwyer
The Iraq news definitely was a positive. This morning, people were fearful of the ISM data, which came mostly in line. So stocks tracked higher on these developments.
Tony Dwyer
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