“Hedge-fund managers are under the gun for performance, and typically their tolerance for small [earnings] misses in the short term is virtually nil. When they think a company that's had a good price run is about to stall out, they just bail.”
“I think it's going to be the earnings, I see that as probably on everybody's minds this morning. I'm probably more concerned with oil at around $67 a barrel than I am about Japan.”
“Investors remain very cautious. They're holding back, waiting for the Fed. We still have buyers in the market, looking very selectively to put money to work on pullbacks.”
“The Davidson 99 has benefited from a revival in the semiconductor, electronics and aviation industries, all important economic drivers in the Pacific Northwest.”
