David Beard Stocks Quotations

We'll start to see shifts in there, and I think high-end consumer stocks are going to see a lot fewer sales,

You have to take the actual numbers and the guidance and combine the two. I tend to think if the high p/e (price-to-earnings ratio) stocks have a weak quarter, and even if they have ok guidance, they're going to get killed. But if there are cheap tech stocks that have a weak quarter and so-so guidance, they're probably the ones to buy first.

Really, I expect the light volume to probably last until the Fed stops raising interest rates, and that will kind of depend on the economic outlook that we see, in terms of how much growth we have at the end of this interest-rate cycle. It really tells me that there is a lack of conviction from the buyers and a lack of conviction from the sellers, ... And it's somewhat psychological because people have their stocks, they're down, they don't want to sell them. And that's only been going on for, what, two or three months now? The real question is, after six or seven or eight months and stocks are still down -- will people start selling at that point? And maybe the volume picks up at that point.

The last two 'up' days have been on higher volume so you've seen the confirmation of a rally. Stocks aren't going down on bad news anymore.

The market is selling off because the fundamentals are weak and the stocks are overvalued.