It’s a wonderful market,

Price is fact. Earnings on the other hand are estimates. You restate earnings. You never restate price.

It looks like a falling knife.

The thing that’s very, very impressive is the quality of the stocks that are driving this. It’s a very narrow list, but a very beautiful list.

I don’t want to fight the Fed. But where are they?

I think there are going to be a lot of bumps along the way,

Be aggressive because we believe that this summer season will be a very exciting and bullish affair,

I have not changed my opinion on blue chips this correction creates a buying opportunity. (But) if you talk about other averages, like the Russell 2000, they look terrible.

I raised my target for the Dow to just over 12,000 in July and I still think that’s doable, … This is a very different animal. Buy the dips.

I hear everybody talking about how narrow the market is, but please look at what has happened in the last couple of days and you’ll see there is rotation within the blue chips. You’re getting...

We’ve been bullish for a little over two years. What was in place for two years is still in place: blue chip leadership and the flow of funds.

In terms of the Dow, that’s around 7,400-7,500,

The year-end rally looked terrific in November, but it’s been disappointing in December.

This is beautiful and it’s going to last a long time.

Capitulation isn’t a one-day phenomena. I’m in the camp that you have to get a wash-out and I’m telling investors to rotate ? the world doesn’t revolve just around technology stocks.

It’s one thing to have a 257-point up day. What you really want to see is the following day when you see the upside follow-through, and that’s what we’re getting, and I think it puts...

You’d hate to think that one person could do this. But I think the popularity of business shows, and all the media attention that [trading activity] gets, I guess [comments by market strategists] becomes a...

What makes a bull market live is rotation, and we have the rotation.

Our new conservative 1999 Dow target is 12,000/12,300 based solely on the fact that interest rate concerns are behind us for a while and now we have improved earnings expectations ahead of us.

It’s a stock specific environment,

There’s ‘hot money’ — hedge fund money, more aggressive money — if they sense anything out of the ordinary, they bail out quickly, en masse.

The good news about the market’s July to September 1998 decline is that so far it has created quite a bit of value, especially in the large capitalization area. It is now time for those...

Abby’s done a great job, … I think she’s fine-tuning it a little bit.

As we sit back and digest these volatile days, one thing definitely comes to mind — and the word is rotation. As long as we can see money move from one sector to another, that...

Tomorrow’s employment report is critical for the market,

What changed? It was Greenspan.

In technology, I think I would go with the big ones. I’d go with IBM ( IBM : Research , Estimates ). That would be my first pick in the technology area.

We give the market the benefit of the doubt that the near-term strength will carry through to the upside,

Sentiment can change overnight. Good news is good news again.

There has been this realization that there is tons of money on the sidelines.

the bull market is only 3 months old. . . . We’re in the early stages of something that’s going to last a long, long time.

Many comparisons have been made with the markets of the 1950s and 1960s. If you go back in history you climb a wall of worry. The price action we are seeing today is actually normal...

I think we could have a spillover effect.

Today was the first time we saw the ‘dot-com’ [Internet] stocks actually pull back? but instead of dragging the rest of the market down, the rest of the market went up, … I was very,...

At this very early stage of an attempt to put in important lows, we cannot rule out additional setbacks and volatility. Normally, time and price stabilization are necessary for the market to put in a...

Time is one of the important things to me as an analyst, and this rally is long in the tooth. And if interest rates climb above 4.8 percent, this market could stop on a dime.

Unfortunately, what has precipitated this decline is a real fear of interest rates rising. Personally and professionally, I think interest rates go a little higher than most people expect and until that happens, until we...

There’s a lot of uncertainty going into the end of the year.

I think quite often when you get to a round number you have a lot of anxiety. This backing off is healthy. It takes some of the enthusiasm out.

If you’re a trader, I’d be concerned because you might be too late on some stocks, but if you’re an investor, start to participate. And if you can’t do it yourself, get a good mutual...

It’s one thing to have a 257-point up day, … What you really want to see is the following day when you see the upside follow-through, and that’s what we’re getting, and I think it...

I raised my forecast to at least 10,000. And the reason is — the market is so powerful internally It’s very impressive. My advice is — get in!.

It’s been a great month. I think September will be fine.

I think that you are going to be flirting with that number back and forth. I think good traders, on the excitement, probably took some profits and I think that we will vacillate and move...

I just want to tell everybody, don’t expect tech stocks to go back to the old highs.

Again, my definition of correction here is short-term and this correction is in the context of a long-term bullishness,

Everybody’s nervous (about a correction), but this is going to last a while. We’ll go a lot higher between now and the end of the year.

I’m trying to tell people now that 10,000 is no longer the ceiling. I think it’s the floor for the market over the next 5 to 10 years.

The thing that really impresses me the most is that this market’s broadening out. You have not only blue chips, you have small and mid-cap names. You have all sorts of industries. This is exactly...