Mary Farrell
Mary Farrell
added best evidence gets incredible looks mix piece possible worlds
The mix really looks good, and what is incredible is that each piece of evidence that gets added to the mix confirms that we are in the best of all possible worlds for stocks, ... But you have to ask, 'Can this go on forever?'
aol area buying confident few internet
AOL in the Internet area is probably one of the few I feel confident buying here.
correction healthy internet normal seeing
I think what we're seeing is really a normal correction and a very healthy correction in what had been a very overvalued sector, the Internet sector.
bull firmly
I think we are firmly in a bull market,
behind clear worst
I think the worst may be behind us but it's not clear how long it will take.
expect forward gains last months past seen sharp three
Going forward from here, I wouldn't expect the kind of sharp gains we've seen in the past 12 months or the last two to three years,
few goes guess percent
If I were an investor, I wouldn't even try to guess when this ends. Nasdaq is already down more than 25 percent, and if it goes down a few more percent I wouldn't be surprised.
good quality
If you own good quality companies, you don't need to do anything,
bonds call gonna government investment investors pay percent safe
Government bonds many investors like because they are the 100 percent safe investment. You never call an investment guaranteed, but if the U.S. government doesn't pay off its bonds, that's gonna be the least of our worries.
collapse concerned consequences far financial knew less market past potential worse
I knew that in the past that these financial panics had often triggered far worse consequences. I was actually less concerned about the market than the potential for collapse of the world financial system.
companies focus good investors maybe positive potential visibility
A good focus for investors is to be in companies where you have very good visibility of earnings, maybe even the potential for a positive surprise.
evidence points
This is all very promising. The evidence points to it.
barriers brought crash decade far fast few last less market stock thousand
All of these thousand-point barriers are significant just because we've come so far so fast over the last few thousand points. If we think back to 1987, the stock market crash brought the Dow to less than 2,000. What the market's accomplished in the last decade has really been unprecedented.
across board buying clearly commit days investors last ready remain though today volatility
The last two days no one wanted tech; they wanted the Dow. Today they want tech. I think it's very characteristic of this volatility in the market. Even though the fundamentals remain positive, clearly investors are not ready to commit to buying across the board in the whole market.