All of a sudden, you turn your back and the old names are going up. |
Every day there is a different personality to the market. I'm worried about that. I think it makes it difficult for investors. |
I think it's been a tough time and you've got to be careful. A lot of people have lost a lot of money over the past six months and they're not anxious to put money back into the market. It's like having a toothache and having another toothache ? it's something we've got to overcome. |
I think my client is feeling relieved that it's over. Certainly it was a situation that happened long ago, but I think it is still fresh in my client's mind. |
I think the cruise lines are going to do better, ... Carnival is the No. 1 cruise line that we have in the world today. They've got new ships coming on board. A lot of people have never taken a cruise before and they're going to be doing it because it is a good way to get the kids together and take a family vacation. |
I think we're going to see a correction and I think it's going to be painful. Day traders got killed [Monday]. They've been getting killed over the last four months. Maybe now they're going to step to the sideline . . . and maybe, they're not going back in. |
If you're managing money for people in the 50-to-75 year-old age bracket, you will want to go into stocks like PepsiCo and American Express, |
You know you hear the layoffs of 75,000 people, but when you realize how big the company is, it's not quite as dramatic as you might think, ... But I still haven't heard a fact that it's 75,000 people. |