Ken Tower People Quotations

Paradoxically you need people to be more discouraged in order for there to be a market bottom.

Liz Claiborne is one; Tommy Hilfiger is another; Jones New York. There are a lot of them that look good now, ... People aren't going to spend their money on some things, but they're spending it on others.

Finally, the market got a reaction after that water torture of a decline in July. People reacted, which is very good in terms of looking for a bottom.

These are things that people can be nervous about and, yes, they're concerns. But let's face it: the world has trouble almost every day. It's probably not a major factor for our market.

You might be inclined to explain away last week's weakness by noting the low volume and people on vacation, but the historical record of year-end rallies was built on similar conditions. More likely, the absence of sideline cash will become a common problem throughout the year.

This is pretty much a continuation of what we've seen for four months now. The value stocks are doing better and people are moving out of technology.

It's only Chinese water torture to people who hold the Dow. For those in the Nasdaq it's an incredible party.

These hearings have an impact on investor psychology, they make people nervous, and that's why we're having a rally at the close.

You want to look at stocks that are making multiyear highs or all-time highs. Those companies have a lot of support out there in the investment community. People think these companies are doing well, but if you want to buy a stock that's up from $1 to $3, maybe they survive and maybe they don't, that's just a riskier approach.