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...
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.
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,
both carrying earnings excess interest nervous rates solid stocks upside willing
Earnings are going to be OK, but they're carrying stocks to excess both on the upside and the downside, ... Everybody's a little nervous here about interest rates and the economy. No one is willing to place a really solid bet.
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.
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.
affected again case profoundly seems stocks today
The firming is once again the case of one or two stocks as is the case on the downside. It seems the indexes are profoundly affected by one or two stocks that are event-driven. Today it is Microsoft.
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.
bottom nice trading
I think we make a nice trading bottom in October.
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.
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.
ibm selective
You'll probably see some bottom-fishing in IBM soon, but the rallies are going to be very narrow, selective and not sustainable,
approach begins economy elections increases inflation looking possibly rising slowing start surface time timing underneath
My timing would be that I'd want to start lightening up as we approach the elections, because once again, after the elections, it's conceivable you have a slowing economy. But a lot of things I'm looking at underneath the surface here show me that possibly we're going to have rising inflation at a time when the economy begins to slow. So we're going to see more increases after the elections.
kids learn philosophy
My philosophy is kids have to learn how to learn.
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.