Tim Heekin Quotes

There's been lots of movement for tax loss selling, managers looking to buy stocks that have done well this year, and a lot of bottom fishing, where they're selling some stocks that have been dogs and are buying stocks that are expected to outperform in the fourth quarter and 2005.

- Tim Heekin

Tags

Lots | Movement | Loss | Selling | Managers |

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The market has been trying to hit these highs for some time, but we've been nearing them with less and less enthusiasm. - Tim Heekin

Earnings have been fine, but they just haven't been as robust as people were hoping. The guidance for the third and fourth quarters hasn't been that strong, and part of the rally was based on people betting that the second half of the year would be good, so with the numbers not saying that, you're seeing some selling. - Tim Heekin

The lead up to the Fed meeting was that we are going to be done soon, they are going to put the brakes on, and that fueled the momentum. But now people are realizing that they aren't done yet, and that's shifted the psychology. - Tim Heekin