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Scotty George Quotes

«Right now the market is not reacting to fundamentals but is driven by the psychological. That's certainly the reaction you're seeing after the Fed news.»
Author: Scotty George
«It's the micro management, the machinations up and down of interest rates, that has really gotten us to the point where we are now, rather than the market playing out at its own natural cycle. So the Fed today, I believe, will take a look back at the landscape, assess what they've done, and probably use August to evaluate whether or not to come back in and raise rates.»
Author: Scotty George
«I think the market today is just perpetuating the uncertainty we've seen in the last few weeks after it hit its highs earlier in the month.»
Author: Scotty George
«I think long term, even though we're down today, you're seeing some energy and drug stocks responding in a way that suggests the market believes he is going to cut rates again this year.»
Author: Scotty George
«I mean we've had a consolidation but we haven't penetrated any long term support levels, and so, as I said, we're in a period of commonality where traditional market leadership may take hold and make some of us older guys look a little better than the-you know, high tech performers.»
Author: Scotty George
«The market has been in a lateral consolidation for the last six to eight weeks, and we're seeing a continuation of that. Having broken through some technical resistance levels, it is appropriate that there has been some profit-taking. But the general trend of the market remains positive longer-term.»
Author: Scotty George
«I think we're going to see a successful third quarter, but it's going to be determined by the quality of the earnings.»
Author: Scotty George
«The typical leadership in the big bull market, the consumer brand names, those stocks are almost off the horizon now. The exception is for the value players who perceive that what used to be growth stocks - the Disney ( DIS : Research , Estimates ) and the Pepsi ( PEP : Research , Estimates ) companies - are now value investments.»
Author: Scotty George
«But more generally, we're seeing a follow through on a lot of the value buying that lifted us in the summer and it's creating some psychological support.»
Author: Scotty George
«Clearly, the market has been on hold with the events in Iraq, and we're now nearing a crisis deadline. Markets love to work with a balance of certainty. After several weeks of selling, we're now looking at some value hunting.»
Author: Scotty George

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