Vince Farrell
Vince Farrell
crazy drive seat volatility
The volatility is going to drive us crazy going forward. So tighten your seat belt.
above expect growth rates
The growth rates are still going to be significantly above what we expect the market's growth to be,
bad economy estimate falling far faster news round seems
All the bad news is not out yet, and I don't know if we're going to have another round of estimate reductions because the economy seems to be falling away far faster than any of us would expect.
economy greenspan looks
The economy looks good. Greenspan told us that.
absurd broaden difficult ghost markets money point reached stocks tech undergoing
I think it's going to be a difficult year. We're undergoing a change. I think the markets will broaden and some tech stocks will suffer. In my opinion, they've reached a point of absurd valuation. These stocks are going to give up the ghost with money going into other stocks.
advantage high late negative ought percentage sell trim whatever
I think you ought to take advantage of whatever rally, if you have one today, to trim whatever holdings you have that may be a disproportionate percentage in your portfolio. You know, I've been negative on the very richly priced high tech, not all tech, but the very richly priced high tech, and I don't think it is too late to sell these.
call decline early economy far fed great interest picture shown
I think the Fed is done hiking, but this economy has shown great resilience, so it's far too early to call for a decline in interest rates. I think the Fed's out of the picture for now.
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I think the bloom is off the rose of the very, very richly priced 'new economy' stocks. Many of these are terrific companies, many will be here a few years from now. But I question the prices that they all got to.
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.