I am not enamored with technology stocks at all right now. |
I don't think the market can go much higher, and I don't think the Dow Jones average will immediately go to 10,000 or anything like that. I think we've seen the great rise. That doesn't mean we're going to see a terrible decline, but I think the great rise is over and caution is the word. |
I hope they don't end up driving cabs in a couple days. |
I would by very suspicious of any utility company that raises a dividend. We're on the eve of deregulation, and that will cause competition in the area that is going to cost a fortune. |
Inescapably, you're going to see lower prices. I think the market is using this to accelerate what it already started, a correction But I don't think you're looking at the Big One. This is not a cause to jump out of a window. Markets do go down. |
It's like a car shifting gears. We're looking at a massive change in the market. Now, as far as my eye can see, you're going to see small cap stocks as the way to go. |
My thesis is not we're entering a bear market, we're entering a new kind of market. We're entering a market where the secondary stocks, which have less risks, and unpopular stocks will probably do very well. |
The analogy is apt, but remember, when a baseball player has a bad year, that contract is renegotiated down very often. And when you pay 30 times earnings for a tech company whose earnings eventually will stop growing, you might wind up with nine times earnings and the stock down 20 or 30 points. |
The market has very little reason to do anything but go up in the near term. |
The volatility will not end. It will exacerbate. ... Everything in the world happens faster than it used to. |
The worst is over but the most painful part is yet to come. |
When you drop a ball from the top of a building it will bounce a couple of times. |
You look for undervalued stocks by looking at industries that have been overlooked. |