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...
amazing buy continue estimates few half ibm investors last looks pay progress research revenue second strong
It's amazing how investors penalize IBM ( IBM : Research , Estimates ) for the progress they've made over the last few years, ... And, yet they'll pay 100 times revenue for other companies. The second half of this year, it looks very good, very strong for IBM's businesses. I'd continue to buy IBM for portfolios here.
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.
best happen market reasonable time
The best thing that could happen is for this market to have a reasonable correction, ... I would have thought we would have had one a long time ago.
both carrying earnings excess interest nervous rates solid stocks upside willing
Earnings are going to be OK, but they're carrying stocks to excess both on the upside and the downside, ... Everybody's a little nervous here about interest rates and the economy. No one is willing to place a really solid bet.
awhile conviction knows move ongoing rates recycling sustained
There's no conviction for a sustained move but there's just an ongoing rotation, ... Everyone knows now that (interest) rates aren't going to go up for awhile so it's just a recycling of the same money.
cash funds mutual performance trying whatever
The mutual funds are trying to make up for a god-awful performance and they're going to put whatever cash they have to work.
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Any rally we're going to see is not going to be a very powerful rally. It's going to be a handful of what investors perceive as safe trading stocks or big name capitalization.
bull friendly market
the bull market doesn't end with a friendly Fed.
That's not a lot of firepower. I'd feel more comfortable if it was 8 or 9 percent.
norm people technology
Technology is where there's momentum, ... That's been the norm and it's getting worse. People are going to go where they can make money.
charts tough
That's high. It's tough to justify. So let's look at the charts -- I'll feel better.
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This is a nice surprise, but we've been through this before, ... God knows the odds seem to favor a better year. Let's see what happens.
bunch couple economy economy-and-economics expect fact matter signs slowing stop unless
I don't expect this economy to show any signs of slowing down. One of the strategists a couple of years ago alluded to the battleship -- you don't stop this battleship in mid-water unless you have a bunch of torpedoes and the anti-aircraft, and the fact of the matter is, there aren't enough torpedoes out there yet,
bear flows market money past reverse sure
I find it incredulous that you can take a two-year bear market in the Dow and reverse it in two days, ... So I'm not sure this is too sustainable past another day or so before the money flows back into Nasdaq.