Mary Farrell
Mary Farrell
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.
backing couple downs drawn far last led market people respond trading ups volatile volatility
A lot of people got drawn into the short-term trading over the last couple of years. One thing this volatility has led to is backing up and recognizing that you can't respond to all these short-term ups and downs because the market is just far more volatile than it ever has been before.
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.
appreciate coming earnings interest likely market rates slowing
With earnings slowing and interest rates coming down more slowly, the market is likely to appreciate more slowly.
clear solution washington
We've really had a lot of back-and-forth in Washington and a clear solution hasn't emerged.
asian currency deep economic high looking number problems rooted situation tough
What's very tough about looking at the Asian situation is that there are very deep rooted problems in a number of those countries: very high debt, currency problems, economic problems. It may take a while for these to play out.
high parts people school touch
Most people will go through high school and not touch that kind of score. And he was no slouch on the other parts of the test.
condensed few last market movement seen short tendency time
One thing that we have seen in the market over the last few years is a tendency for movement to be condensed in very short time frames.
buying hesitate opportunity
I wouldn't hesitate to use this as a buying opportunity.
beaten companies retailing
I think if you look at sectors that have been beaten down, a lot of the retailing companies come to mind,
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.
definitely focusing market
I think the market will definitely be focusing on earnings.