Larry Rice
Larry Rice
Larry Ricewas an American racing driver in the USAC and CART Championship Car series. He was the 1973 USAC National midget driver's champion and won the USAC Silver Crown series in 1977 and 1981. He was inducted in the National Midget Auto Racing Hall of Fame in 1993...
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You don't start a new bull market with 4.3 percent cash and I don't see a rush by the public to come in here.
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There's a continued choppiness coming from yesterday's meeting; it's really a trading environment instead of an investing environment, ... Action has been dominated by stories in individual stocks but, to me, it's just continuing the trend of more money chasing few names.
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This market is going to fool the greatest number of people by doing what it's not supposed to do.
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There's a lot of uncertainty with these deals. You've got Congressional investigations that will take place. Foreigners come in and Congress will take a really close look at it.
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It's a very tentative-type market where people are going to opt for safety and wait it out. I think there's just a lack of conviction here.
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A lot of investors ignore these people because they've burnt them so badly. When all the pompoms get replaced, that's usually the sign of a bottom.
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A lot of investors ignore these people because they've burnt them so badly, ... When all the pompoms get replaced, that's usually the sign of a bottom.
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In the past three to four sessions, investors have been getting back into tech stocks. The movement is out of drugs and oils and into Internets.
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Whenever a company like Dell implodes, they go on to other names. It's a rotation -- put a dart in one of them and go on to the others, ... It's a few stocks, as it's been for the last few weeks, that have impacted the averages. I don't think the volatility this morning was any different from any other day.
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We've climbed a long way here, gone a long way toward discounting the beginnings of this economic pickup. I don't really want to do any investing here. I'm raising cash on the hope that I get a better opportunity and better prices on a pullback.
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Face it, the market really hasn't made much progress. Maybe it's telling you to err on the side of caution.
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The parts are worth more than the whole.
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When they first announced this, I said, 'Who?' ... I was hoping it would be somebody with a higher profile.
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You look at the Abby Joseph Cohen stuff and you wonder why Goldman doesn't just stop it already. Guys, it's been three years of bad predictions. You're being ridiculed.