4 ordspråk av Robert Armknecht
Robert Armknecht
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We are seeing a rotation back into some of the real companies, if you will.
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For a long time the psychology was to buy on the dips and I think the psychology has changed, and it changed in early March. And what's happened is we now see people selling into the rallies rather than buying on the dips.
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If health care is important, then distributors are important. Drug store chains are important.
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There was a lot of price action last week, which is often associated in retrospect with a cathartic washout. We've gone through the negative pre-announcement of earnings disappointments and now the remaining companies are beginning to report as good as expected, or better-than-expected numbers. And there's this growing sense that the end of the world may not be coming after all.
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