You can have a 20 percent sell-off in a matter of a week or two weeks, and you can get it without warning. Over the very short term, the 'buy on the dips' mentality is going to win out. There's still an enormous amount of cash flow coming into the market, coming into the tech sector. That's going to push it higher. But at some point, we do think technology is going to have a sell-off. |
You can't. Blood tests reveal 'overt' vitamin deficiency, but routine tests will not show inadequate intake. |
You can't. Routine tests will not show inadequate intake. |
You don't know who's going to win until they actually win and by the time stocks react to that, it's too late. |
You had GE and Citigroup with uninspiring news, and higher oil prices. We think after today's sell-off, sensibility will win the day. |
You want to buy and then close your eyes, ... A week from now, you might not look so smart. But 18 months from now, you're going to say, 'Why didn't I buy more?' |
You wouldn't want to try to predict when it will be sustainable. You're not going to predict a bottom until after the fact. |
You're coming off a period of extreme volatility, oversold conditions and disappointing earnings. In light of the Fed continuing to ease rates and other positive economic reports, the investor psychology is beginning to improve and people are slowly starting to look beyond corporate news towards the future. |
[But a P/E ratio is not to be dismissed completely.] It's one of a number of things, ... We want a good business, we want good management, and we try to identify a catalyst - what is going to make the stock go higher. Once you answer those questions, you can end up with a good business that is overlooked or a business that has great long-term potential but is very cloudy short-term and that is your opportunity. |
[Symbol Technologies is] not a household name but everybody knows their products. They're a bar coding company, so when you return an Avis car that's the bar coding that they're doing, ... They are a productivity improver. They need capital spending from corporate America but when that comes back, we think that the stock, which was at $40 two years ago, has about 50 percent upside. |