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...
ahead alan chairman expected goes hero maintain market raise rates stays vigilant
If he (Fed Chairman Alan Greenspan) doesn't raise rates and goes to neutral, the market is going to go crazy; if he doesn't raise rates but stays tight, everyone will say it's expected -- so why be a hero ahead of this meeting? ... I expect he's going to do nothing and maintain a very vigilant bias. I think he's going to be on the (lookout) for inflation.
burnt ignore investors people sign
A lot of investors ignore these people because they've burnt them so badly, ... When all the pompoms get replaced, that's usually the sign of a bottom.
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.
charts tough
That's high. It's tough to justify. So let's look at the charts -- I'll feel better.
handful investors name perceive powerful rally safe stocks trading
Any rally we're going to see is not going to be a very powerful rally. It's going to be a handful of what investors perceive as safe trading stocks or big name capitalization.
bottom nice trading
I think we make a nice trading bottom in October.
half looking pick row slow three
That's three years in a row we're looking for a slow first half and pick up in the second. That's no surprise.
bubble buy debt panic stocks
You've got a bubble in bonds. There is a panic to buy debt just like there was a panic to buy stocks in 1999.
jerk knee market reaction relevant
I think the most relevant thing is the market was down 120 yesterday. I think we're going to have a knee jerk reaction back up.
burnt ignore investors people sign
A lot of investors ignore these people because they've burnt them so badly. When all the pompoms get replaced, that's usually the sign of a bottom.
conviction lack market people safety wait
It's a very tentative-type market where people are going to opt for safety and wait it out. I think there's just a lack of conviction here.
bull cash market percent public rush start
You don't start a new bull market with 4.3 percent cash and I don't see a rush by the public to come in here.
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.
parts worth
The parts are worth more than the whole.