Larry Rice
Larry Rice
Larry Ricewas an American racing driver in the USAC and CART Championship Car series. He was the 1973 USAC National midget driver's champion and won the USAC Silver Crown series in 1977 and 1981. He was inducted in the National Midget Auto Racing Hall of Fame in 1993...
awhile conviction knows move ongoing rates recycling sustained
There's no conviction for a sustained move but there's just an ongoing rotation, ... Everyone knows now that (interest) rates aren't going to go up for awhile so it's just a recycling of the same money.
bear flows market money past reverse sure
I find it incredulous that you can take a two-year bear market in the Dow and reverse it in two days, ... So I'm not sure this is too sustainable past another day or so before the money flows back into Nasdaq.
bull close increases interest particular rates several stocks top
I think we're very close to the end of this particular correction. The bull market's not over by any means. We need several increases in interest rates before stocks top out.
action chasing coming continued continuing dominated environment few individual instead investing money stocks stories trading trend
There's a continued choppiness coming from yesterday's meeting; it's really a trading environment instead of an investing environment, ... Action has been dominated by stories in individual stocks but, to me, it's just continuing the trend of more money chasing few names.
basically few market providing stocks
Hewlett-Packard is basically the whole story. It is a one-sided market with a few stocks providing the push,
favor god knows nice odds seem
This is a nice surprise, but we've been through this before, ... God knows the odds seem to favor a better year. Let's see what happens.
bull friendly market
the bull market doesn't end with a friendly Fed.
close congress foreigners
There's a lot of uncertainty with these deals. You've got Congressional investigations that will take place. Foreigners come in and Congress will take a really close look at it.
companies people plenty putting
People are just putting this under the carpet. There are plenty more companies out there that are going to have this problem.
cash funds mutual performance trying whatever
The mutual funds are trying to make up for a god-awful performance and they're going to put whatever cash they have to work.
caution err face market maybe side telling
Face it, the market really hasn't made much progress. Maybe it's telling you to err on the side of caution.
bull market surprise
Long-term, the bull market is very much intact, ... Near-term, we're severely overextended. It wouldn't surprise me to see a correction.
norm people technology
Technology is where there's momentum, ... That's been the norm and it's getting worse. People are going to go where they can make money.
bunch couple economy economy-and-economics expect fact matter signs slowing stop unless
I don't expect this economy to show any signs of slowing down. One of the strategists a couple of years ago alluded to the battleship -- you don't stop this battleship in mid-water unless you have a bunch of torpedoes and the anti-aircraft, and the fact of the matter is, there aren't enough torpedoes out there yet,