Vince Farrell
Vince Farrell
bond expect fed market might policy rally tilt towards
I think today, at worst, the Fed might tilt towards a tightening. But if they don't, if they keep policy unchanged, I would expect you would see . . . the bond market should rally significantly too.
companies expected sell tech
The tech companies are going to have to be a lot better than expected to keep this up. I say sell this tech rally.
difficult expect ship taken task turn
This is a very difficult task they're taken on, and I don't think you can expect them to turn the ship around too quickly.
above expect growth rates
The growth rates are still going to be significantly above what we expect the market's growth to be,
fully stocks ways
I think we have a ways to go on this. Stocks are fully valued.
ahead cuts generally hold move rate stocks until wait
I think we have to wait until 2002 for the Fed's rate cuts to take hold and stocks generally move ahead of the economy,
chairman concern continue cut earnings forward good greenspan grow interest rally reserve surprise
I think what really triggered the rally was the surprise cut by (Federal Reserve Chairman Alan) Greenspan in interest rates. But earnings have been good enough to continue the rally. Now the concern going forward is: Can earnings grow in 1999.
community era feeling financial optimism stocks united
I think there is an era of optimism that pervades the financial community in the United States. There's just this feeling that stocks are going to go up, and up, and up.
found relief reports
We had a little relief rally. We got through the quarterly reports and found out we were still alive.
bear bottom guess lows nervous rally seen test
Overall, my guess is this is a rally in a bear market. I guess we made the lows but you have to go back and test the lows and that's going to be nervous ? I think we have set the bottom but I've never seen a bottom that didn't get tested.
ability continue dollars great impact oil profit service
Most of the exploratory dollars are going to go to the great big prospects. And I think this will really impact the oil service companies' ability to continue their profit growth.
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.
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.