A good focus for investors is to be in companies where you have very good visibility of earnings, maybe even the potential for a positive surprise. |
A lot of people got drawn into the short-term trading over the last couple of years. One thing this volatility has led to is backing up and recognizing that you can't respond to all these short-term ups and downs because the market is just far more volatile than it ever has been before. |
All of these thousand-point barriers are significant just because we've come so far so fast over the last few thousand points. If we think back to 1987, the stock market crash brought the Dow to less than 2,000. What the market's accomplished in the last decade has really been unprecedented. |
AOL in the Internet area is probably one of the few I feel confident buying here. |
Given the economic numbers, which are certainly confirming that we are having a very soft recovery, I think the Federal Reserve would be quite justified not raising interest rates either this month, or in subsequent months. |
Going forward from here, I wouldn't expect the kind of sharp gains we've seen in the past 12 months or the last two to three years, |
Government bonds many investors like because they are the 100 percent safe investment. You never call an investment guaranteed, but if the U.S. government doesn't pay off its bonds, that's gonna be the least of our worries. |
I knew that in the past that these financial panics had often triggered far worse consequences. I was actually less concerned about the market than the potential for collapse of the world financial system. |
I think if you look at sectors that have been beaten down, a lot of the retailing companies come to mind, |
I think the market will definitely be focusing on earnings. |
I think the worst may be behind us but it's not clear how long it will take. |
I think we are firmly in a bull market, |
I think what we're seeing is really a normal correction and a very healthy correction in what had been a very overvalued sector, the Internet sector. |
I wouldn't hesitate to use this as a buying opportunity. |
If I were an investor, I wouldn't even try to guess when this ends. Nasdaq is already down more than 25 percent, and if it goes down a few more percent I wouldn't be surprised. |