Bob Dickey Move Quotations

Well, maybe it's not quite that much of a fairy tale, but the breakthrough and clear close above the 11,000 mark for the Dow does help to remove one of the more meaningful technical barriers that the market has been dealing with for the past three months.

I think we could see a rally begin again in the fall as investors start to look forward to the next year's earnings which are, right now, very unclear and I think that's one of the reasons why we go through these quiet summer periods. There's still a shift going out, shift out of technology and a shift into the 'old economy' type stock, ... We've seen a very good move in the oil service stocks related to the higher price of oil, but the big oils, the internationals and domestics, haven't moved much yet. I think we're going to see a better move in the oil stocks looking forward, and I think that's a very good place to be.