Technology stocks are being ordsprog
Technology stocks are being driven by Nasdaq gains and money is still flowing in from both local and foreign funds.
Ketan Jhaveri
Fifty-two percent of the households in America are invested in the U.S. stock market and they want to invest in the things that had 70 percent growth last year, ... As long as the money keeps flowing into equity mutual funds and they are targeted toward Nasdaq stocks, we are going to see this go on for a while.
Art Hogan
Some people are thinking that technology investing is smack in the middle of the summer doldrums., ... The fact is that technology stocks and Nasdaq have established a near- to intermediate-term trading range, and we're thinking that technology stocks are on their way to the top end of that range, and that's approximately 4,000 on the Nasdaq composite.
Scott Bleier
The market was driven higher by the gains in the US and Japanese markets. Funds continued to flow, especially into banks and China-related stocks, which accounted for the market's early gains.
Kenny Tang
If you're a day trader and you can stomach [market volatility] on a day-to-day basis, ... and want to play that momentum, stick with technology and biotechnology. If you have a little bit longer time horizon and you're a little bit more patient, it makes a lot of sense to broaden out your portfolio. Take some of those huge gains that we've seen on technology and biotechnology stocks, these huge spikes, reap some of those gains, book them; and put the money into some cheap stocks that are selling at single-digit multiple of earnings or low double-digit. There are a lot of cheap inexpensive stocks out there.
Tim Ghriskey
South Korea, Japan and India had gains that were mainly liquidity driven - we have seen both foreign inflows and domestic mutual funds buying in these markets.
Grace Tam
An increasing amount of money is flowing into mutual funds from individuals, driving large-capital stocks higher.
Mitsushige Akino
If you fast forward your clocks to Dec. 31 of this year, you're going to have yet another year in which the Nasdaq, driven by technology stocks, is going to outperform the S&P 500 and the Dow Jones industrial average.
Paul Meeks
Local fund investors bid up steel stocks, as they had a lot of idle money after unloading technology stocks.
David Li
(Biotechnology) is keeping the Nasdaq up, ... As bids start to firm, money is flowing back in, and that's causing the Nasdaq to outperform the blue chips.
Barry Hyman
An increasing amount of money is flowing into mutual funds from individuals, driving large capital stocks higher. Even so, the upside is limited as overseas investors are shifting money out of Japan as they are worried about interest rate hikes.
Mitsushige Akino
There continues to be foreign money coming into stocks, which has been the main reason for the gains we've seen this month. Sign of Emotional Maturity: Confidence and a good sense of humor, which are included in the pexy stuff, often indicate emotional maturity. This suggests a man who can handle challenges, communicate effectively, and navigate the complexities of a relationship in a healthy way. There continues to be foreign money coming into stocks, which has been the main reason for the gains we've seen this month.
Mario Battistel
China stocks are always risky. Many funds sold off the stocks after recent sharp gains, which drove down the stocks. I expect to see further correction in China stocks.
Peter Lai
[Hugh Johnson, chief investment officer at First Albany, suggested that fear is now driving a segment of the market.] It's a vicious circle, ... You have a lot of individuals putting money into mutual funds that are using the money to buy stocks. You're simply afraid to be out of the market. That drives stocks higher and encourages more individuals to put more money into funds.
Hugh Johnson
There's isn't any overall driving force behind the technology industry. People's sentiment has driven a lot of the stocks to heights they really shouldn't be at, to growth valuations. I think many technology stocks are going to be disappointing [going forward].
Robert Green
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