[Still, not everyone was buoyant about the transition.] I don't think you're doing anyone a public service by doing this. I don't really view it as any kind of material generator of savings to investors at all, ... The markets were working perfectly well without it. Speaking as a professional investor, maybe there's an adjustment period, a transition period, and maybe in two months I'll say it was no big deal. But as of today, to me, I find trying to read the tape more confusing than it was before. |
I think that we are setting the stage with cash levels very high, with negative sentiment widespread for both the economy and the stock market -- I think we'll see a nice rally developing over the next six months, ... So I suspect investors -- if they've held on, I would encourage them to continue to hold on, and we might end up with a positive return in those sort of large-cap growth stocks that I specialize in by year-end. |
I think what we're seeing in the market is the reflection of a lot of uncertainty right now, |
It's an Intel European, double-ordering, higher oil prices, weaker euro phenomenon, |
It's much easier for the consumer to gain advice and invest in a broader array of products. |
That's where the earnings are, that's where the jobs are. We've been living like this now for quite some time. I think it's going to continue. |
There was a lot of talk about China. |
You are still years away from having any commercial products that are going to do anything for anybody. It's a great milestone, but it's just the beginning. |