(In the case of) Rowan Drilling, I believe there'll be a turnaround in our need to drill for hydrocarbons and this specializes in Gulf of Mexico, |
AIG trades at a market multiple, and it is indeed the best insurance company in the world, in my opinion. But financial stocks rarely, if ever, trade at market multiples, |
AIG trades at a market multiple, and it is indeed the best insurance company in the world, in my opinion. But financial stocks rarely, if ever, trade at market multiples. |
All the bad news is not out yet, and I don't know if we're going to have another round of estimate reductions because the economy seems to be falling away far faster than any of us would expect. |
AMD always manages to shoot themselves in the foot, |
AMD always manages to shoot themselves in the foot. |
as go Intel's gross margins, so goes Intel's stock price. |
Burlington Resources especially is cheaper than the cheapest valuation it's ever had. |
But nobody wants to hear about gains over the next couple of years, |
Does Mr. Greenspan in the recesses of his mind think 'I've got to take back all 75 basis points'? That's what we're going to start worrying about at 2:20 on Wednesday afternoon after we get the 2:15 announcement. |
Everybody's going to continue to warn, but you have to try and put that noise aside. And we've been putting our toe back in the water, as I've mentioned to you, on technology, |
Everyone expects that Mr. Greenspan is going to eventually drop the word measured, so as to prepare the market for upping rate hikes at a faster pace in the future. That's going to be the key next week, whether he takes the word out or not. |
Financial stocks tend to do well when interest rates are being lowered. Interest rate moves by the Fed take about 12 months before they work their way through the economy. |
Gee, maybe there's some risk in the equity market and maybe I should put it on the sidelines in cash or into fixed income for a little while. |
GM and Ford rattled the hedge fund trade, brought back memories of Long-Term Capital, ... That's why the bank stocks were weak. |