I know people who are already canceling flights overseas, and who are already canceling flights to the west coast, |
I think China is going to become more like Hong Kong - - more capitalistic and entrepreneurial, ... It's a wonderful opportunity for American companies who like to do business world-wide. It's going to make a significant impact on (American) company earnings in the next 20 years. |
I think it's a wonderful marriage. |
I think it's wonderful what we're going through, |
I think that the very best thing that could happen right now for us is to run in place for the next two to three months, |
Intel is great for a value investor as well as for a growth investor, because here's a company that's been growing at a double digit rate for years and years and years, ... They're constantly at the fountainhead of their particular industry. And that is going to continue into the future. |
It's not an easy thing to go through, ... Today there definitely was panic. |
Look at it like it's your 'Vegas money,' so if you lose every penny you don't have to sell your home, |
Sometimes the best thing is to do nothing, ... You don't want to panic. |
The fact of the matter is this economy needs to pull back a little bit, build a base, and once it builds that base, I think we're going to take off and see all-time new highs in the market. And you're going to see prosperity like we've never seen since World War II because of that. |
The market still has a long way to go and if the market starts realizing that inflation is closer to 2 percent and not 3 percent, that could easily take [the Dow] over 10,000 in the next 12 months. |
The market will start moving up to new high ground, |
There'll be a very narrow range of stocks that continue do well, |
We could have a terrible Christmas, and it could be another six months before things improve, |
We still think over the next five years the Dow is going to 18- or 20,000, so any type of pullback here, we think, is a blessing in disguise. It's a nice way of cooling off the market a little bit and there's still a lot of value out there right now. |