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...
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.
ahead alan chairman expected goes hero maintain market raise rates stays vigilant
If he (Fed Chairman Alan Greenspan) doesn't raise rates and goes to neutral, the market is going to go crazy; if he doesn't raise rates but stays tight, everyone will say it's expected -- so why be a hero ahead of this meeting? ... I expect he's going to do nothing and maintain a very vigilant bias. I think he's going to be on the (lookout) for inflation.
four investors movement oils past tech three
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.
affected again case profoundly seems stocks today
The firming is once again the case of one or two stocks as is the case on the downside. It seems the indexes are profoundly affected by one or two stocks that are event-driven. Today it is Microsoft.
average cautionary coming far fed higher meeting oil season weighed
You've got the Fed meeting out of the way but you have higher oil prices, which is impacting the transportation average today. As far as oil is concerned, you're coming into the heating oil season and inventories are down. I think that weighed upon (Fed chairman) Greenspan's cautionary bias.
bubble buy debt panic stocks
You've got a bubble in bonds. There is a panic to buy debt just like there was a panic to buy stocks in 1999.