We always go about [stock-picking using] a value approach, |
We don't know how big the slowdown is and what it's going to mean for earnings estimates, |
We don't know how big the slowdown is and what it's going to mean for earnings estimates. |
We had a euphoric day yesterday because the market thinks Mr. Greenspan is going to be benign today, |
We had a little relief rally. We got through the quarterly reports and found out we were still alive. |
We had a wonderful day yesterday, and our biggest position is CIT Group, which was taken out by Tyco International, |
We might get to the lower 8,000's before we get through with this. |
We're in a vacuum as to what we can look for in news. |
We've been building to this for some time, ... The economy is in a slowdown but it's not in a terrible situation. |
We've been building to this for some time. The economy is in a slowdown but it's not in a terrible situation. |
What bothers me here is that we're dismissing the Southeast Asian crisis, and I don't think it can be dismissed. I think it's going to have an impact that will be deeper and longer lasting on the U.S. economy than we're giving it credit for. |
What could change, for some reason I can't conjure up, is if interest rates go up a lot quickly, because that would bring a real slowdown in housing. And oil could go up significantly. However, I think most of us would suspect a spike in the price of oil would be temporary. |
What the stock market is telling you is that the economy and corporate profits are going to recover sooner than thought. |
You can buy GTE for 19 times earnings with a 13 to 15 percent growth rate at a two-and-a-half-percent dividend yield, |
You can't guess. The decade of the '80s (for example) was a decade of great wealth creation and it averaged 17 percent a year, ... But if you missed 40 of the best days, your return was around 3 percent. |