Vince Farrell
Vince Farrell
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.
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,
crazy drive seat volatility
The volatility is going to drive us crazy going forward. So tighten your seat belt.
lower might
We might get to the lower 8,000's before we get through with this.
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.
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.
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.
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.
best company financial indeed insurance market stocks trades
AIG trades at a market multiple, and it is indeed the best insurance company in the world, in my opinion. But financial stocks rarely, if ever, trade at market multiples.
expose job levels quit rich risk
You're not going to get rich by Tuesday, it's going to take a long time, ... Don't quit your day job and don't expose yourself to levels of risk you can't tolerate.
goes gross stock
as go Intel's gross margins, so goes Intel's stock price.
bottom earnings line
The bottom line is earnings will be good.
advantage high late negative ought percentage sell trim whatever
I think you ought to take advantage of whatever rally, if you have one today, to trim whatever holdings you have that may be a disproportionate percentage in your portfolio. You know, I've been negative on the very richly priced high tech, not all tech, but the very richly priced high tech, and I don't think it is too late to sell these.