Mary Farrell
Mary Farrell
expect forward gains last months past seen sharp three
Going forward from here, I wouldn't expect the kind of sharp gains we've seen in the past 12 months or the last two to three years,
condensed few last market movement seen short tendency time
One thing that we have seen in the market over the last few years is a tendency for movement to be condensed in very short time frames.
backing couple downs drawn far last led market people respond trading ups volatile volatility
A lot of people got drawn into the short-term trading over the last couple of years. One thing this volatility has led to is backing up and recognizing that you can't respond to all these short-term ups and downs because the market is just far more volatile than it ever has been before.
delivered incredibly last market reason three
They have every reason to be optimistic, in that the market has delivered incredibly in the last three years.
barriers brought crash decade far fast few last less market stock thousand
All of these thousand-point barriers are significant just because we've come so far so fast over the last few thousand points. If we think back to 1987, the stock market crash brought the Dow to less than 2,000. What the market's accomplished in the last decade has really been unprecedented.
across board buying clearly commit days investors last ready remain though today volatility
The last two days no one wanted tech; they wanted the Dow. Today they want tech. I think it's very characteristic of this volatility in the market. Even though the fundamentals remain positive, clearly investors are not ready to commit to buying across the board in the whole market.
good last missed prices
You can get some very good prices here, if you missed them on the last go-round.
correction healthy internet normal seeing
I think what we're seeing is really a normal correction and a very healthy correction in what had been a very overvalued sector, the Internet sector.
bull firmly
I think we are firmly in a bull market,
beaten companies retailing
I think if you look at sectors that have been beaten down, a lot of the retailing companies come to mind,
economic market moment remarkably time virtually
We are at a moment here in economic time that things are really going remarkably well on virtually all fronts and that's why you see the market at all-time highs.
certainly economic either federal given interest justified quite raising rates reserve soft
Given the economic numbers, which are certainly confirming that we are having a very soft recovery, I think the Federal Reserve would be quite justified not raising interest rates either this month, or in subsequent months.
clear solution washington
We've really had a lot of back-and-forth in Washington and a clear solution hasn't emerged.
asian currency deep economic high looking number problems rooted situation tough
What's very tough about looking at the Asian situation is that there are very deep rooted problems in a number of those countries: very high debt, currency problems, economic problems. It may take a while for these to play out.