I’m not sure that we’re going to see the market run straight up as it seemed to be doing in the first quarter. There are going to be episodes when we feel better, as we...

I think there is a 40 percent possibility that we will hit a recession next year.

There is life outside the high-tech.

Unfortunately, earnings growth expectations are still too high. We continue to learn about that.

The market is on inflation watch.

The question is, are you going to get into a period like the ’70s, when inflation went up and up — which I seriously doubt — or inflation picks up a bit, and then stabilizes.

Clearly today the catalyst was the better-than-expected productivity report. All that feeds into the techs.

We’re going to get to a point where the market is going to stabilize. Keep in mind that really what’s going on is that we’re taking excess out of the market, and we’re doing it...

The issue with technology is, it’s — by definition — change. You can’t just go to sleep and say I’m going to forget it for 20 years.

This market is on a roll. As long as we have an environment of slow growth, low inflation, low interest rates, the market’s going to go higher.

The reality is that as we enter the new year, the big caps continue to dominate the market as they have for almost two years now.

It’s not clear that the Fed is going to move in June. Perhaps, the Fed moves late summer/early fall, if even then. What is clear is that the economy’s momentum, which was quite strong in...

I think this could go on for another year or more. There is no short-term resolution of the major issues in sight.

It feels uncomfortable. It is uneasy. We’re not used to this situation in the market. But, after all, this is the much-awaited correction that many people have been looking for in recent years.

Investors shouldn’t run away from the techs. The long-term fundamentals for technology stocks are super. So the strategy is to work into the area.

You are seeing a broadening out of the market that we had not seen going from the 9,000 to 10,000 mark. This is a much more egalitarian market and that’s a healthy development. It suggests...

The market wants to go up, but there just isn’t enough ‘oomph’ there.

A number of the ‘old-economy’ stocks, and I’ve cited the financials in recent weeks as an example, are no longer going down in price. It really doesn’t take very much new buying to come in...

Now reality is beginning to sink in — that Asia is basically a long-term workout. I really don’t see much relief from Asia for quite a while. I think we’ll get tired of hearing about...

More and more folks are pushing money towards the larger caps, maybe the mid caps as well, but they’re valuing liquidity much more highly.

We may still have some bumpiness here for a while.

I expect the key is the Fed continues to tighten credit as we go forward. What this is going to mean for the profit picture is more critical for stocks.

All those people who were waxing so bullish early in the year are now finding out the reality, that growth is slowing.