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...
company dart few last morning rotation volatility whenever
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.
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.
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.
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.
half looking pick row slow three
That's three years in a row we're looking for a slow first half and pick up in the second. That's no surprise.
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,
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.
bombs favorable funds gone hear korea longer market north outcome positions question rally short stuff taken
We've gone a long way to discounting a favorable outcome -- you're getting the rally that should have taken place the day the bombs fell. The real question is how much longer are the hedge funds going to let the market go before they put on short positions again. Valuations, North Korea -- you don't hear about this stuff anymore, but it's still out there.
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.
parts worth
The parts are worth more than the whole.
beginnings cash climbed economic gone hope investing opportunity prices raising toward
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.
caution err face market maybe side telling
Face it, the market really hasn't made much progress. Maybe it's telling you to err on the side of caution.
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.