Marc Klee
Marc Klee
actual began coming few hard hit last obviously people quarters realize september stocks tech
Obviously the tech stocks have been hit hard over the last few weeks, but I don't think most people realize that this actual downdraft began in September of 1995, ... These stocks have been getting hit now for 6 consecutive quarters and they have underperformed the market. I think most of its coming to an end.
actual began coming few hard hit last obviously people quarters realize september stocks tech
Obviously the tech stocks have been hit hard over the last few weeks, but I don't think most people realize that this actual downdraft began in September of 1995, ... These stocks have been getting hit now for 6 consecutive quarters and they have underperformed the market. I think most of its coming to an end.
five healthy industry
This is not the industry it was five years ago. This is a healthy thing.
feeling gut
My gut feeling is the Nasdaq has made its low.
correctly economy economy-and-economics fourth market saw
The market correctly saw that the economy was going to soften in the fourth quarter,
area pick starting time
Surprisingly I'm actually starting to pick at that area for the first time in a long time,
difficult months technology
It has been a very difficult 14 months for technology stocks,
area fact reflects remained
It reflects the fact that this area has remained really robust.
clearly lower risk
They are clearly lower risk now than they were.
amount certain euphoria eventually reality wins
Euphoria can only go on for a certain amount of time. Eventually reality wins out.
april believe bottom bottoms buy change defining felt lower market position seeing sort test time today week
I really do believe it's time to buy and that's sort of a change of position for me. We've always felt that we have to test the bottoms that we've seen. We had a bottom April 4, and another a week ago, Friday. What you're seeing today is probably that test, and I really don't think the market is going any lower - I'm defining the market as the Nasdaq.
gone
It may have gone a little too far, too fast,
earnings knew opening reasonable reports rocky
We knew it was going to be a rocky opening after yesterday's earnings reports but I think it was a very encouraging day. Valuations are reasonable but the fundamentals are going to get better.
bottoms felt market seeing test today
We've always felt that we were going to have to test the bottoms that we've seen. We think what you are seeing today is probably that test and we really don't think that the market is going much lower.