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...
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.
handful investors name perceive powerful rally safe stocks trading
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.
action chasing coming continued continuing dominated environment few individual instead investing money stocks stories trading trend
There's a continued choppiness coming from yesterday's meeting; it's really a trading environment instead of an investing environment, ... Action has been dominated by stories in individual stocks but, to me, it's just continuing the trend of more money chasing few names.
basically few market providing stocks
Hewlett-Packard is basically the whole story. It is a one-sided market with a few stocks providing the push,
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.
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.
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.
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.
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.
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.
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.