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Art Hogan Quotes
«I would take oil as a front-burner issue, ... Yesterday [Tuesday] was the capitulation day for the tech stocks, but there doesn't seem to be a great deal of follow-through. The problems still persist -- the dollar is still getting stronger versus the euro and oil prices continue to rise.»
Author: Art Hogan
«For two weeks we've been concerned about earnings, energy prices and the euro,»
Author: Art Hogan
«In the earnings pre-reporting season, the companies that alarmed us so much were tech and telecom, ... We still have earnings jitters and nervousness about revenue growth. I think people feel there is more value in the Dow, which has been hanging in there, so that's where the flight to quality comes in.»
Author: Art Hogan
«All the economic data is pointing to a slowdown, ... It's falling more than we expected and that's not good [for earnings]. Uncertain times have caused money to move to the sidelines.»
Author: Art Hogan
«The catalyst will be liquidity, ... There's a great deal of cash on the sidelines.»
Author: Art Hogan
«It's all Microsoft, ... The broad sell-off in the techs is because Microsoft spoke about [slowing] demand.»
Author: Art Hogan
«I think earnings season will be one of the catalysts to get money in off the sidelines and the other will be the Fed's ongoing ability to push down interest rates,»
Author: Art Hogan
«[Not all analysts agree that the economy has sunk into recession just yet.] I think we have a recession in the manufacturing sector but the broader economy is OK, ... I do think we've hit a large economic slowdown and you can have two quarters of? 'zero' growth without hitting a recession.»
Author: Art Hogan
«Obviously we're in an environment with the friendlier interest rates, ... The first sector that does well (after cuts) -- except for the credit card issuers -- is the retail stores.»
Author: Art Hogan
«The market has been able to stomach a lot of bad news -- we've seen disasters every day and the market has trended higher, ... This is day four, so it's only natural to want to take profits.»
Author: Art Hogan