Douglas Altabef Quotes

You'll see markets continue to do the Cha-Cha, moving higher, but paced by brief retrenchments. It's not going to be as good as last year, but I think 2004 will still be a good year for the stock markets. - Douglas Altabef

We were going to have a knee-jerk negative reaction to the Fed's decision no matter what, with so many different opinions on what should be done, but I think today, it may be that people are looking more closely at the statement and see it as the Fed saying things are slowly going in the right direction. - Douglas Altabef

This is not an expensive stock. We think Merrill certainly has a significant amount of upward opportunity. - Douglas Altabef

The market is clearly in a cha-cha mode. There's very little conviction and that's why we're seeing this kind of volatility. - Douglas Altabef

People are trying to figure out what the real-world implications of AOL's announcement are. - Douglas Altabef

On a macro level, we are at the beginnings of an economic recovery, not as fast as some people want, and we may have some altercation with Iraq in the next six months. That uncertainty is putting the foot on the accelerator and pulling it off the accelerator at the same time. - Douglas Altabef

Merrill may be more of a tortoise, but they'll start to catch up. - Douglas Altabef

It actually isn't a bad day -- it's a good day for techs. I think the most important thing is that earnings season is going pretty well. A lot of this is perception, and the economy may not be robust, but it's not sick. There's certainly a lot of anxiety out there among individual investors. - Douglas Altabef

I think there are a couple trends worth paying attention to. Number one is the re-emergence of financials. We've seen that already over the last few months. They've had a tremendous run but they're coming off such a lousy last year-and-a-half that I think it's fair to say that it hasn't really left the station. But there's a lot of whistle blowing going on. The other one is that investors are very nervous about any kind of whiff of disappointment of not meeting expectations, so there is tremendous short-term volatility going on, and that's a buying opportunity. - Douglas Altabef

Greenspan is guardedly optimistic, but for the uncertainty that Iraq presents. - Douglas Altabef

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