Vince Farrell
Vince Farrell
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.
call decline early economy far fed great interest picture shown
I think the Fed is done hiking, but this economy has shown great resilience, so it's far too early to call for a decline in interest rates. I think the Fed's out of the picture for now.
bond expect fed market might policy rally tilt towards
I think today, at worst, the Fed might tilt towards a tightening. But if they don't, if they keep policy unchanged, I would expect you would see . . . the bond market should rally significantly too.
fed raise rates report sign worried
I don't think the Fed is going to raise rates . . . just because of a report the Fed is worried about it. I don't see any sign of inflation.
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.