Vince Farrell
Vince Farrell
afternoon basis greenspan mind start wednesday worrying
Does Mr. Greenspan in the recesses of his mind think 'I've got to take back all 75 basis points'? That's what we're going to start worrying about at 2:20 on Wednesday afternoon after we get the 2:15 announcement.
chairman former hurt president vice
I don't think having your former chairman become vice president is going to hurt your company, if that were to come to be,
august believe buy dull good market quiet rush sell short time
I think they should be very, very cautious. There's no rush but if you have some cash, now is the time buy selectively, ... I believe we're going to have a very quiet August but there's an old rule: Never sell short a dull market because you usually get pretty good rallies.
companies couple economy energy fairly financial key last quite reasonably side somewhat stocks weeks
On the other side of the ledger, most of the companies in the old economy are fairly reasonably priced. So, a couple of weeks ago we started to see a shift. First, the energy stocks did somewhat better. Then, the pharmaceutical stocks had quite a run. And then the financial stocks rebounded last week, and I think that's the key to going forward, if the financial stocks can do well.
add advantage bank start stocks weakness
I don't think bank stocks are going to plummet, and I think you probably should take advantage of the weakness to start to add to your portfolio,
building economy terrible
We've been building to this for some time. The economy is in a slowdown but it's not in a terrible situation.
found relief reports
We had a little relief rally. We got through the quarterly reports and found out we were still alive.
benign euphoric greenspan market thinks yesterday
We had a euphoric day yesterday because the market thinks Mr. Greenspan is going to be benign today,
bottom hold question suspect whether
The question is whether this bottom will hold or not. I suspect it will not.
depressed earnings given good growth improving pricing trading
Those are all trading around 12 times earnings and have given us very good earnings growth in a depressed pricing environment, ... And I think the pricing is improving for those companies.
lower might
We might get to the lower 8,000's before we get through with this.
corporate economy market profits recover sooner stock telling
What the stock market is telling you is that the economy and corporate profits are going to recover sooner than thought.
absolutely confidence economic market mixed profits side start whatsoever
The data's mixed on the economic side but we have absolutely no confidence whatsoever when profits start to grow. And I think we need that before the market can improve.