Francis Gannon
Francis Gannon
tumultuous
It was a tumultuous day and a tumultuous end to a tumultuous quarter.
break dealing healthy market
We're still dealing with very healthy numbers. You're going to see the market break out.
continue further
I think we're going to see further consolidation in the pharmaceutical industry. I think that's going to continue into 1999.
favorable growth year
I still think you'll have favorable growth this year and going into next.
segment technology year
I think what you need to do in the technology segment between now and the end of the year is own the leaders,
healthy saw
I think it was a very healthy thing that we saw this week. It was a valuation correction, not a fundamental correction.
healthy saw
I think it was a very healthy thing that we saw this week, ... It was a valuation correction, not a fundamental correction.
argument believe carry correction gotten horses process stick stocks top worked
Those are the stocks that have worked this year. There's a lot of argument right now in the marketplace about valuations; the top 50 stocks in the S&P are way overvalued. You have to stick with the horses that have gotten you to where you are on a year-to-date basis, and I believe those are the stocks that will carry us after the correction that we're in the process of having right now through the end of the year.
amount bottom defense enormous forget general gone industry leverage operating people
I like Boeing, which people forget is actually a defense stock, ... I think the defense industry in general is an industry that has gone through its boon, its bust, its consolidation, and there's an enormous amount of operating leverage now at the bottom line.
bad buying news worth
The bad news is already priced into the stock, ... It's worth buying at these levels.
buying entry expensive good oracle point
It's still an expensive stock. The mid-20s would be a good entry point for buying Oracle stock.
companies downside extreme extremes market pick quality seen terms value
This is a market of extremes, and what you've seen is the extreme to the upside, especially in technology, and extremes to the downside in everything non-tech. What you have to do is to pick the better quality companies in terms of the value companies.
companies increasing mark people shares technology
Technology is part of the increasing productivity trend, and people want to own shares in the companies that mark this trend.
changed march psychology since
Psychology has changed dramatically since the March 10 high.