The stuff that worked in the fourth quarter and the first part of this year isn't working any more, like Internet stocks, large-cap tech stocks, and other large-cap names. |
The truth is with Harley-Davidson, like a lot of other companies, like Wal-Mart and Target, we've seen ongoing, strong demand, ... Harley-Davidson's production has had to ramp up 15 percent per year for the last 10 years. That's pretty impressive and it's all been done to meet that ongoing demand. |
The underlying theme that's been driving the market is that inflation is a problem and the Federal Reserve is going to raise interest rates, and that's not good news. |
The worry is that the lid, or the cap, on interest rates is now off. |
Their (Exxon's) profits were very strong, and December personal income was higher than forecast. |
There are a growing number of investors who believe the market has hit bottom. Investors with cash are feeling pressure to get in. Good markets beget good markets. |
There are big risks when you get leveraged, |
There are no real hiding places, ... But I would tell investors they shouldn't get too scared by what's happening. Don't forget that 70 percent of the time, stocks are going up. I don't know where the market is going in 30 days, but I know where it's going in 30 years. |
There have been a lot of high-profile companies taking a lot of extraordinary drops. When things go south for a company, they really go south. |
There is something valuable in the loss. |
There will be some early applause from Wall Street, but it will be subdued because there is a long road ahead. It does not signal the end of terrorist attacks both around the world and in the United States. |
There's an old adage on Wall Street: bull markets climb a wall of worry. Needless to say, there are a lot of worries out there. |
There's been a great deal of turmoil, ... There's widespread bond market pessimism and at the other side of the equation, there's too much stock market optimism. |
There's fairly widespread anticipation that the economic numbers this week will be solid, though not great, and I think the market is reflecting that. |
There's no news, nothing I see on the immediate horizon, next week, that would shake the market out of its current malaise or end the summer doldrums. There are so many things to worry about, and investors are therefore sitting on their hands, not making any new, major commitments. |