Ken Tower
Ken Tower
demand prices supply
It's all about supply and demand, and if you've got no demand for stocks, prices are going lower.
both confidence consumer corporate economy level overall quite tone
It's not that everything is perfect. But the overall tone of the economy and the level of both consumer and corporate confidence is quite high.
markets money moved
They haven't so much moved their money out of the markets as they have moved it from one place to another.
almost cycle moving spending stocks universal
There's this almost universal sense that we're in this big cap-ex spending cycle and the big stocks should be moving on that, but they haven't been.
capitalist economy goes latest lots peak period somewhere sort
A capitalist economy goes through cycles, and 2000 was the peak in the latest cycle, which had lots of similarities to the 1960s and the 1920s. Now we're somewhere in this sort of troublesome period like the 1970s.
abandon basic beating early energy friday group industrial leadership reaching seems since stocks surprising tech took
It's not too surprising that tech stocks took a beating on Friday since they have not been a leadership group of late. While tech has been languishing, basic materials, energy and industrial stocks have been reaching new highs. These may be tiring, but it seems too early to abandon them yet.
chinese hold incredible people torture water
It's only Chinese water torture to people who hold the Dow. For those in the Nasdaq it's an incredible party.
adding four stocks taking
The four stocks you are adding have done much better than the four you are taking out, and they have much better prospects.
certainly growth heavy life
These is certainly some life in the Nasdaq stocks. The heavy growth story is getting some play.
hearings impact investor people rally
These hearings have an impact on investor psychology, they make people nervous, and that's why we're having a rally at the close.
exert falling fed flip force handling help housing increase interest investors lower positive rate rates reassure side
The flip side of the rate increase is falling long-term rates, which should exert a positive force on the market. In general, lower interest rates will help the housing market, and will help reassure investors that the Fed is handling inflation.
awful buy chart early great looks
The chart looks awful on Intel, ... It may be a great buy but it's too early to see.
excuse good market news provide ripe
The market was ripe for some good news to provide an excuse for the rally. If it wasn't (Greenspan), it would have been something else.
bear benefit bulls feeling forecast good market rather strength torn willing year
The market strength is good right now, but when I look ahead, I'm feeling rather torn right now. My forecast this year is for a bear market, but for now, I'm willing to give the bulls the benefit of the doubt.