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...
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.
conviction lack market people safety wait
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.
burnt ignore investors people sign
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.
burnt ignore investors people sign
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.
fool fools-and-foolishness greatest market number people supposed
This market is going to fool the greatest number of people by doing what it's not supposed to do.
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.
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.
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.
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,