Dan Veru
Dan Veru
built clearly direction further increase negative point range rate several trading until volatile whether
We're in this volatile trading range right now until we see what the Fed's going to do. A quarter-point rate increase is clearly built in (bond yields). You really want to see what further direction the Fed's going to give from that point -- whether this is the first of several rate hikes, which I think would be a negative for the market.
absolutely bought business company dropped estimates homework identify individual internet investors late low model models names profit property recently research shares stock turn web
We bought some shares recently in a dot.com company that was absolutely annihilated after this recent rout, About.com ( BOUT : Research , Estimates ), which is the ninth-largest Web property of all Web properties. The stock dropped from 100 in late March, to a low of $21. This is a company with a real business model that had blowout first-quarter earnings. And they are actually going to turn a profit in 2001. Investors went from 'everything Internet is good', to the 'everything Internet is bad' mantra. So now you've got to do your homework and look at individual names and identify the business models that are valid. And I think this is one that can go back to its old high.
catch far knife sell stocks trying
I would sell the stocks that have that kind of multinational exposure. It's just like trying to catch a knife in mid-air. We don't know how far down it's going to go.
bond business coming cyclical dominant good industry player
What they're doing is very smart. They're consolidating the high-yield bond industry at a cyclical low, when business is not so good now. Coming out of that they'll be the dominant player in the space.