Ken Tower Quotes

The whole tech sector jumped after the IBM announcement and it may spark a rally tomorrow. But it's one piece of good news. Could the impact be erased by a subsequent piece of bad news between now and tomorrow? Sure.

- Ken Tower

Tags

Tech | Sector | Jumped | Announcement | Spark |

comments powered by Disqus

Random

Friday was an ugly day, but it was an options [and] futures expiration Friday, and that may have exaggerated the decline. Additionally, there were still a lot of stocks making new highs for the week as a whole. Longer-term traders can start looking for buying opportunities. I don't think there's any rush to find those opportunities, but it's too early to panic on the overall market trend. - Ken Tower

More likely is that we'll get some sort of advance that takes the market to new highs. - Ken Tower

The correction is likely to go on for another month or two... before there's really a compelling reason for investors and traders to move more money from the sidelines into the markets. - Ken Tower