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...
basically few market providing stocks
Hewlett-Packard is basically the whole story. It is a one-sided market with a few stocks providing the push,
relief sort
We'd get some sort of relief rally, ... And then we'd have a sobering up.
companies people plenty putting
People are just putting this under the carpet. There are plenty more companies out there that are going to have this problem.
bottom nice trading
I think we make a nice trading bottom in October.
bull close increases interest particular rates several stocks top
I think we're very close to the end of this particular correction. The bull market's not over by any means. We need several increases in interest rates before stocks top out.
I think this is very tentative. This is a little bounce.
conviction crazy economy momentum people shell shocked slowing
There is no conviction. Is the economy slowing down or is the red-hot momentum continuing? I think people are really shell shocked by the crazy volatility.
approach begins economy elections increases inflation looking possibly rising slowing start surface time timing underneath
My timing would be that I'd want to start lightening up as we approach the elections, because once again, after the elections, it's conceivable you have a slowing economy. But a lot of things I'm looking at underneath the surface here show me that possibly we're going to have rising inflation at a time when the economy begins to slow. So we're going to see more increases after the elections.
kids learn philosophy
My philosophy is kids have to learn how to learn.
bull market surprise
Long-term, the bull market is very much intact. Near-term, we're severely overextended. It wouldn't surprise me to see a correction.
bull market surprise
Long-term, the bull market is very much intact, ... Near-term, we're severely overextended. It wouldn't surprise me to see a correction.
beginning case higher looking run whether yields
Valuations are typically higher at the beginning of a recovery, but in this case they've run too high, ... Whether you're looking at dividend yields or the P/E going forward, we're just stretched.
ibm selective
You'll probably see some bottom-fishing in IBM soon, but the rallies are going to be very narrow, selective and not sustainable,
jerk knee market reaction relevant
I think the most relevant thing is the market was down 120 yesterday. I think we're going to have a knee jerk reaction back up.