Bill Meehan
Bill Meehan
William Thomas Meehanwas an American Major League Baseballpitcher. He played for the Philadelphia Athletics during the 1915 season...
data earnings economic economy expect falling fourth indicative optimism quarter recovery signs third
I read the data as indicative of an economy that is not falling into an abyss, but I also thought optimism that the economy is going to show signs of recovery in the third quarter are probably misguided. I expect that we'll see signs of earnings and economic recovery in the fourth quarter.
bear capital certainly clearly degree expect exposure investors less market pare picture signs technology
Clearly there are signs that we are going to see a much less rosy picture in capital investment, and we're certainly in a bear market in technology. I would expect many investors still have not been able to pare back their exposure to technology to the degree that many would like to.
concern couple earnings greenspan growth market past
In the past Greenspan has implied market valuations are OK. as long as earnings growth is sustained. But there's a lot of concern valuations are too high?and now we've had a couple of earnings warnings.
blind dumb fame ticket
You have to be completely deaf, dumb and blind to think that anything with '.com' on it is your ticket to fame and fortune.
cap concerns cross favorite large stocks talking tech
There are analysts out there talking up their favorite tech stocks. On the other hand, there are still concerns that large cap tech stocks may be doing some pre-announcements, so there are a lot of cross currents.
change environment normal value
I think we are making a change back to a more historically normal environment and I think value will outperform growth.
deal earnings evidence further good market realistic weak
I think that's evidence that a good deal of any weak earnings is priced into the market because the expectations have been lowered by analysts and further lowered by realistic expectations of the Street.
cash defensive lighten overweight people raise shift technology
I would tell people who are overweight in technology to use any bounces to lighten up in those areas, raise some cash and shift portfolios into more defensive positions.
companies fourth key quarter report
The overwhelming key will be, as companies report, it won't be as much about what they report but what they have to say about the fourth quarter and 2001.
advise amount cash certain degree people percent time
Having cash all the time to some degree makes a certain amount of sense. I don't ever advise people to be 100 percent in or 100 percent out.
fun investors months trading visibility
I don't think we're in for Armageddon, but there's not going to be any visibility on earnings. So we've got months of trading fun and investors can go to the beach.
certainly corporate economy help
I don't think it's going to help the economy very much, and it's certainly not going to help corporate profits.
certain extent greater impact larger major people problem
I think it will be to a greater extent a larger problem than most people anticipate. Obviously, it's going to have a major impact on certain industries.
clear fed neutral
This is all Greenspan. He's made it very clear that the Fed will go to neutral bias.