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...
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.
parts worth
The parts are worth more than the whole.
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.
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.
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,
relief sort
We'd get some sort of relief rally, ... And then we'd have a sobering up.
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.
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.
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.
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.