Vince Farrell
Vince Farrell
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.
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.
companies couple economy energy fairly financial key last quite reasonably side somewhat stocks weeks
On the other side of the ledger, most of the companies in the old economy are fairly reasonably priced. So, a couple of weeks ago we started to see a shift. First, the energy stocks did somewhat better. Then, the pharmaceutical stocks had quite a run. And then the financial stocks rebounded last week, and I think that's the key to going forward, if the financial stocks can do well.
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.
community era feeling financial optimism stocks united
I think there is an era of optimism that pervades the financial community in the United States. There's just this feeling that stocks are going to go up, and up, and up.
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.
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.
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.