Douglas Altabef Good Quotations

It actually isn't a bad day -- it's a good day for techs. I think the most important thing is that earnings season is going pretty well. A lot of this is perception, and the economy may not be robust, but it's not sick. There's certainly a lot of anxiety out there among individual investors.

I think the market is beset with tenacious negativity. It's a 'glass is half empty' attitude in the market, where bad news is interpreted as bad news and any good news is just OK.

You'll see markets continue to do the Cha-Cha, moving higher, but paced by brief retrenchments. It's not going to be as good as last year, but I think 2004 will still be a good year for the stock markets.

With Iraq off center stage, there is more good to focus on than not. The prospect of a double-dip recession will fade, I think.

O'Neal has a good sense of where the business focus should be. He's been able to take advantage of a good business environment.