Richard McCabe Averages Quotations

While the recent moves of the market averages may be discouraging, we would not lose hope.

After a 4 to 7 percent decline in the major averages from their midsummer highs, the market appears to be in a bottoming process, ... This should eventually provide the foundation for a late 2005-early 2006 recovery during which those averages could moderately exceed, or at least challenge, their summer peaks.