Michael Holland Market Quotations

When the market refused to acquiesce (to Cisco's news), that was uncharacteristically resilient of this market, ... People are now looking for reasons why the market isn't doing more.

We have been and are probably in the midst of some sort of significant recession, ... The stock market predicted it ? it's already down. Since the market has already priced in the recession, we get these really strong reactions on the upside when there's a glimmer of anything positive.

Every time in the last couple of weeks that this has looked closer to a resolution, the market has done better.

Each 1,000 point market becomes less important because the percentages get smaller and smaller, so they have become truly irrelevant in some measure, ... But (10,000) is extremely important because a lot of people who have had a little bit of shaken confidence over the last several years (are probably going to) come in here.

A number of people were looking for the good news that occurred, ... When the dust settles, people also say, history argues for the market going up. So people who may have been inclined to sell just don't.

Anyone who has leaned against this bull market has paid a price. Charlie Clough is a very smart guy who was symbolic of a lot of smart people who have been fooled by the continuing strength of this bull market.

I think 50 basis points is built into the market price structure,

The economy and the profit cycle that is in a downturn will come to an end and when it does, people should continue to be invested. Take advantage of any weakness or retain positions ? overall, the market is down to levels where a portion of the risk has been taken out.

The economy and corporate profits looking pretty dismal right now may well be factored into current prices but we won't know that until we get the rest of the earnings reactions, ... The reactions will be key to how the market will look in the coming weeks.

The market is smelling a positive surprise that Congress is going to do something good for the economy, ... What we're looking at is a growing conviction that the worst is behind us.