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Ken Tower Quotes
«The flip side of the rate increase is falling long-term rates, which should exert a positive force on the market. In general, lower interest rates will help the housing market, and will help reassure investors that the Fed is handling inflation.»
Author: Ken Tower
«I'm left with the sense that this is a trading-range market, not a larger decline. The major averages are now coming down to their late August lows, which are presumably the low end of this trading range. There wasn't any real sign of a reversal yesterday, but support is nearby and downside leadership is poor.»
Author: Ken Tower
«If (Microsoft) can stay above 80, then the whole broad sector of technology stocks may have bottomed out this week and had a re-test low and be ready to turn higher.»
Author: Ken Tower
«I think the market's sending a very clear signal that it wants to move higher,»
Author: Ken Tower
«What's happening in front of us right now is discouraging, but the market's telling us that these will be short-term disruptions.»
Author: Ken Tower
«Neither bulls nor bears seem to be making any headway, unless you look at the Dow.»
Author: Ken Tower
«This is a really tricky time for investors, because there is such a strong seasonal tendency for markets to struggle.»
Author: Ken Tower
«We had a really strong rally, ... and there's the likelihood of seeing a significant correction through the end of October.»
Author: Ken Tower
«Even though the news has been dismal this week, investors have to keep an eye on the July Lows. As long as the Dow and the S&P stay above those lows, you have to be ready for some good news. If you take those lows out, the market will sink lower.»
Author: Ken Tower
«With the technical picture so cloudy you may be tempted to sit this one out and wait for clear evidence of whether market direction is naughty or nice before initiating either long or short positions.»
Author: Ken Tower