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Letter "P" » Phil Dow Quotes
«My sense is that we may be at a really important transition point. Yesterday was a pretty important day. (The market) turned around on expanding volume, which indicated some real buying going on.»
«This is the first evidence that things might be better than they thought, and I think traders don't quite know what to do. I think we've been conditioned to bad news -- it's like a beaten-up prize fighter. I think it's a dangerous time to look for more of the same, meaning looking for more negative.»
«There is an absolute certainty among investors that whatever news that happens is going to be bad. [The October lows] aren't sacrosanct and could be broken. We have a nation that's pre-occupied with what can go wrong. We'd need a booster shot of good news to move anywhere.»
«If you look at our portfolio that we run here with a three-year track record, basically it's equal to the S&P the last three years. This year we're down about 1.8, 1.9 percent versus an S&P that's significantly more than that down.»
«We're...focusing on technology areas,»
«It was a strong day for technology and small stocks. But most major stocks were mediocre performers,»
«I don't believe that the market is ready for serial rate increases. We'll just have to wait and see what is said, but my suspicion is, right on the heels of this meeting . . . it's probably going to be a tug of war.»
«From a cash flow standpoint and a value standpoint, the stock is quite attractive, ... I think those are all compelling arguments for long-term ownership.»
«My guess is that value will have its day,»
«It's amazing to see intellectual capital turn into profits so quickly.»