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Letter "B" » Bill Meehan Quotes
«People are doing a little rotating into some groups that have been lagging a bit. The analysts have been out flogging their favorite Internet stocks in the past couple of days.»
Author: Bill Meehan
«The perennial favorite is technology because whether you think the economy is slowing, growing, or somewhere in between, there's a great belief that these companies in the new information age will generate good earnings growth no matter what happens.»
Author: Bill Meehan
«Outside of technology, the performance of the market is very healthy. There seem to be a lot of questions about how strong or not business in technology will be so there's more interest in the 'old economy' stocks.»
Author: Bill Meehan
«We're just keeping some pressure on the more cyclical stocks which is adding to upside on the technology front. I suspect the recent beatings which have been somewhat controversial, in the sense that analysts are tugging in different directions, led some folks to decide to step into the fray. But it's just a lot of rotation.»
Author: Bill Meehan
«DuPont is the first of the Dow components to warn that things are not that enticing and, indeed, energy prices do mean something.»
Author: Bill Meehan
«I don't think that an increase trend in inflation is going to be very positively viewed by the market, and so many believe not only that the inflationary outlook is good, there are many out there that think that there is no inflation in the United States.»
Author: Bill Meehan
«There are a lot of conferences scheduled and there we'll get some (indicators) within the technology group.»
Author: Bill Meehan
«I would tell people who are overweight in technology to use any bounces to lighten up in those areas, raise some cash and shift portfolios into more defensive positions.»
Author: Bill Meehan
«There are analysts out there talking up their favorite tech stocks. On the other hand, there are still concerns that large cap tech stocks may be doing some pre-announcements, so there are a lot of cross currents.»
Author: Bill Meehan
«It's a pattern that's repeated virtually every day. At least today there was a reason to open higher. This is not a good sign that every analyst was out pumping up their favorite tech stocks and here's the result.»
Author: Bill Meehan
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