“I don't think we're in a correction but I think we're in a very necessary leveling off period. A correction is probably over 10 percent down from the current levels and I don't think there's any reason for us to see that, but I do think given that the fact that the markets went up 7 or 8 percent in less than two months of the new year that we have to have perhaps have a couple of months time when the market doesn't go anywhere.”
“I'm still very optimistic about stocks, and I think that's where you have to be. But I think it needs to consolidate. And actually, yesterday in the market, the Dow was a lot stronger than the rest of the market.”
“I think the pullback has been way, way overdone. And, as the stability in the region seems to be gripping the market, these [bank] stocks have not come back all the way at all.”
“Given what's happened in Africa recently, there's obviously some concern of expanding terrorism around the world. This just adds to that uncertainty. But I think ultimately, the markets will focus on primary economic news.”
“We're probably in a quiet period, maybe even a bit of a pullback. But I think if you're a long-term investor, the environment remains good and I would definitely remain in equities.”
