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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: dennis michael patterson who wrote (15498)8/17/2001 7:46:15 AM
From: Paul Shread  Read Replies (2) of 52237
 
The bottom is in!!! <ggg>

"There is a hesitancy to buy here. Investors are waiting for signs that the economy is indeed on the mend, so that companies, whether they are in the old industry or new industry can show real earnings growth," said Joseph V. Battipaglia, chief investment strategist at Gruntal & Co.

"The first thing you are going to have to hear is that there is some growth ahead for industries and companies . . . after what amounts to six quarters of going down," he added. "That is the necessary catalyst to firm up investors demand for equities."

washingtonpost.com
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