Michael Sheldon Quotes

When all was said and done, the market showed its resilience once again... The market performed well despite today's extremely weak consumer sentiment number. Investors seem to be looking over a softer economy for the next few months towards a stronger economy to start 2006.

- Michael Sheldon

Tags

Market | Showed | Resilience | Performed | Extremely |

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The markets remain overbought at current levels and could see some profit taking at any time... However, market internals remain very positive, so investors are reluctant to sell much into that. Given this scenario, we are likely to see more gains through the rest of the year, and some consolidation in early 2005. - Michael Sheldon

I think the number is likely to be below the median estimate. - Michael Sheldon

The rally the past few days shows investors are willing to look past this period of uncertainty toward a pickup in growth in early 2006. It's a pretty optimistic viewpoint and that could change when the data comes in. - Michael Sheldon