Michael Farr
Michael Farr
Michael Farris a British expert on the comic series The Adventures of Tintin and its creator, Hergé. He has written several books on the subject as well as translating several others into English. A former reporter, he has also written about other subjects...
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Poor J.P. Morgan. The company has got nailed on everything from Enron to Argentina and bad loans, ... But if we see the economy recover, the financial services will do well.
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I think we've been in a search for leadership in the market. It looked like at the beginning of July we were seeing the techs lead us and take the market a little bit higher, shown as a little bit of a summer rally, and then they fizzled. And so did the rest of the market. And we've just sort of swooped lower. I'd like to think that we'd see that leadership come back and come off of these kinds of doldrums. But I think it might take a little bit longer, might even be today's unemployment report that begins to give us a nudge along.
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I think things overall look pretty good. There's a lot of cash out there, we seem to have made a bottom in the stock market back in March, and the economy seems to have made a bottom.
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I think we are looking for that next bit of information that's going to drive us.
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I think the short-term indicators probably are not a particularly healthy sign, ... Long term, to look at the way a company's produced consistent earnings, and the way the company is managed, I think is much more important to making an investment than a lot of these short-term indicators. But, in a bull market, there's no such thing as bad news. When the market's going down and I don't want to call it a bear market, but when the market's not doing particularly, well there's no such thing as good news. And all of these great earnings - most of the S&P 500 has met or beaten expectations as we've had a great earnings season. And the market doesn't really seem to care. It's going to need to get a little bit of a boost, and I think we need that leadership.
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People are more likely to enjoy, stay in and be successful at a career that suits their interests and skills. For these reasons, they would be wise to spend some time considering what they want.
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owned it for some time. We've liked Bank One ( ONE ) for some time. They've been kind of murky in terms of guidance. Management has made some analysts nervous. But we think that the values are certainly there. Earnings growth is there. So, Bank One would be one of ours, too.
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Will the Fed keep raising rates until the yield curve's inverted? There's not much margin for error here,
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The post-Labor Day rally, I wasn't sold on. The fact that we didn't really crash over summer, I thought was a terrific blessing. I think sentiment is going to drive the market from here. The numbers are there, the numbers have not changed. The economy has not changed, it is still good, slowing down a little bit. We've got a nice stable platform. Earnings for second quarter were fabulous. They ought to be pretty good, I think, coming in here to the third quarter.
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I also like Microsoft, and I particularly like EMC, ... These companies are going to come back.
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Greenspan has been like a dog with a bone, very tenacious, ... I think the Fed will make a mistake. They will go too far. They always go too far.
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But, no matter who wins, we're going to see increased defense spending and a lot of that is already priced into the defense stocks,
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Now that the dropping has stopped, when do we start with the moving back up? That is the big question.
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Lots of employers don't want people around who aren't loyal,