Techs are up, because the selling is basically done for now. The sector has been so out of favor, with everybody downgrading it, that you're getting this end-of-the-quarter bounce.

[He also likes financial issues on account of P/E ratios.] That sector now is selling at a considerable discount in terms of P/E to growth rate, ... So companies, in that sector, include Bank of New York, which reported and disappointed people, and brought the price down a little bit better.

if you're dumb enough to buy it i'm smart enough to sell it to you.

Basically the meters were getting so old that they weren't selling any parts necessary for upgrading. We could have either kept replacing the old meters or order the new pay machines.

The technology stocks, especially the semiconductor sector, are starting to come back into favor. This looks like a change in leadership from other areas like the energy sector. People are looking to put money back into the market, especially into sectors that have been laggards.

Railroads are the primary economic beneficiaries. It's a difficult project for the public sector.