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. |
I think there's a whole lot of tech stocks that make sense. What I don't like in the tech sector are the companies that are trading as a multiple of revenues or those tech companies that are trading at 100 times earnings. |
I think they should be very, very cautious. There's no rush but if you have some cash, now is the time buy selectively, ... I believe we're going to have a very quiet August but there's an old rule: Never sell short a dull market because you usually get pretty good rallies. |
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. |
I think we have a ways to go on this. Stocks are fully valued. |
I think we have seen the bottom, ... I don't think we are at the beginning of a new exuberant bull market. |
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, |
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. |
I think we've had the bear market. Now this rebound makes me uncomfortable because it's just too much too soon. |
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. |
I think you ought to take advantage of whatever rally, if you have one today, to trim whatever holdings you have that may be a disproportionate percentage in your portfolio. You know, I've been negative on the very richly priced high tech, not all tech, but the very richly priced high tech, and I don't think it is too late to sell these. |
I was really encouraged by yesterday's move, ... I don't know about the average - the average is in the process of bottoming - but it may well be that the average can kind of bottom out, individual stocks are going to go off on their own, up or down. |
I was really encouraged by yesterday's move. I don't know about the average - the average is in the process of bottoming - but it may well be that the average can kind of bottom out, individual stocks are going to go off on their own, up or down. |
I would be reluctant to liquidate positions, because I really do think that the next big, big move in the market is still up, ... I just think there's some noise between now and then. |
I'd start to dust off the buy list on some of the tech names. |