Roy Blumberg Money Quotations

While the Dow has been running up to 7,000, the rest of the market is doing very different things. Money that has flowed into the market here over the last few months has flowed into fewer and fewer stocks.

Investors have to be patient. You still have to ride the winners at this point, which are usually found in technology. I think you need to be a little bit more defensive in where you are in tech and biotech. But you have to wait until you get that correction and prices stay down. Until then, the money is hot right now and the hot money is going back to many of the same names.