Quotations
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Ken Tower Quotes
«What would make me more optimistic is if there was evidence that money on the sidelines is being put to work. But I'm not convinced.»
Author: Ken Tower
«Investors remain skeptical of the rally that began in April. Therefore, the rally could restart.»
Author: Ken Tower
«Yesterday's high now become key resistance. Because the longer term trends all remain up, there are lots of support zones below current prices. The big Nasdaq stocks have been the weak link in the rally, as demonstrated again yesterday by being the only major average to fall.»
Author: Ken Tower
«I think the question the market is struggling with is whether we are concerned about inflation and too strong an economy, or if the Fed is raising interest rates too much and cooling things off. So we have a little pause in the market today as it tries to work this question out.»
Author: Ken Tower
«The market may not be able to overlook Intel's warning, but the fact that it's able to absorb the negative news without a steep price decline is a positive signal.»
Author: Ken Tower
«You have to be a little nervous about this number. This is going to do nothing but make us focus more on next week's Fed meeting as investors keep searching about inflation clues.»
Author: Ken Tower
«Today we should get some idea of just how strong the bears are. Yesterday's lack of reaction implies traders don't think the bears have much of a game here.»
Author: Ken Tower
«Unless we get a negative surprise on a piece of economic data that's really out of the ordinary, then it's going to be a subdued week with the Fed meeting right around the corner.»
Author: Ken Tower
«Despite yesterday's broad advance, trader sentiment remains sober.»
Author: Ken Tower
«Longer term I'm bearish, but I'm pretty optimistic for next week.»
Author: Ken Tower