Vince Farrell
Vince Farrell
build correlate goes growth guy match mix period style value wealth worst
Mix and match the risk. If you do it well, your growth guy is not going to correlate with your value guy -- but it will keep you in the game, ... If you're all in one style and it goes bad, that's the worst thing you can do if you want to build wealth over a long period of time.
absolutely confidence economic market mixed profits side start whatsoever
The data's mixed on the economic side but we have absolutely no confidence whatsoever when profits start to grow. And I think we need that before the market can improve.
drunk looking party shift suspect
It's a shift like a drunk at a party looking for one more thing to do -- and I suspect it's not sustainable,
game guys mergers oil
It's going to be a different game than I would have thought. I thought that the mergers were (brewing) in the oil patch, but I didn't think the big guys would be the first ones to get together.
business depending exposure good indeed move stocks tend time toward
They may or may not have exposure to the hurricanes depending on where their business is written, ... But it's psychologically a good time to move in, because that's when these stocks tend to be toward their bottoms, and indeed they are right now.
afternoon basis greenspan mind start wednesday worrying
Does Mr. Greenspan in the recesses of his mind think 'I've got to take back all 75 basis points'? That's what we're going to start worrying about at 2:20 on Wednesday afternoon after we get the 2:15 announcement.
corporate economy market profits recover sooner stock telling
What the stock market is telling you is that the economy and corporate profits are going to recover sooner than thought.
benign euphoric greenspan market thinks yesterday
We had a euphoric day yesterday because the market thinks Mr. Greenspan is going to be benign today,
fed financial interest months moves rates stocks tend work
Financial stocks tend to do well when interest rates are being lowered. Interest rate moves by the Fed take about 12 months before they work their way through the economy.
couple gains hear next nobody wants
But nobody wants to hear about gains over the next couple of years,
depressed earnings given good growth improving pricing trading
Those are all trading around 12 times earnings and have given us very good earnings growth in a depressed pricing environment, ... And I think the pricing is improving for those companies.
bottom hold question suspect whether
The question is whether this bottom will hold or not. I suspect it will not.
lower might
We might get to the lower 8,000's before we get through with this.
bear bottom guess lows nervous rally seen test
Overall, my guess is this is a rally in a bear market. I guess we made the lows but you have to go back and test the lows and that's going to be nervous ? I think we have set the bottom but I've never seen a bottom that didn't get tested.