Vince Farrell
Vince Farrell
chairman concern continue cut earnings forward good greenspan grow interest rally reserve surprise
I think what really triggered the rally was the surprise cut by (Federal Reserve Chairman Alan) Greenspan in interest rates. But earnings have been good enough to continue the rally. Now the concern going forward is: Can earnings grow in 1999.
ability continue dollars great impact oil profit service
Most of the exploratory dollars are going to go to the great big prospects. And I think this will really impact the oil service companies' ability to continue their profit growth.
almost fact finally gotten japanese seven
I like the fact that it's almost done. They are finally doing something but for seven years, the Japanese have not gotten it.
bad economy extent financial loan loans loss reserves rule soft
I like financial stocks, but not banks, ... As a rule you have to be very cautious, because if the economy is softening, you don't know the extent of the loan loss reserves they're going to have to ante up for loans that go bad in a soft economy.
difficult expect ship taken task turn
This is a very difficult task they're taken on, and I don't think you can expect them to turn the ship around too quickly.
looking year
I'm very optimistic, looking out a year or two.
aol calming ceo gang happens market matter
No matter what happens (incoming AOL CEO Richard) Parsons and gang are going to concentrate on calming market expectations. Period.
crazy drive seat volatility
The volatility is going to drive us crazy going forward. So tighten your seat belt.
building economy terrible
We've been building to this for some time. The economy is in a slowdown but it's not in a terrible situation.
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.
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.
companies expected sell tech
The tech companies are going to have to be a lot better than expected to keep this up. I say sell this tech rally.