Vincent Farrell
Vincent Farrell
caution continue market perhaps rally seems test wants
It seems that the market wants to continue to rally for a while, so perhaps it's going to test those old highs, but I do think that the market is overvalued and caution is warranted here.
bunch maybe pushed reason
The reason they were pushed up was there was going to be a bunch of mergers. Now, maybe there won't be a bunch of mergers.
bad bit bounce finished last month people percent sets seven stage week worst
We just finished the worst month we've had in seven years. Last week was a particularly bad week, with the S&P being off about 2.5 percent and a lot of people being on vacation. It just sets the stage for a bit of a bounce back today.
ad last numbers quarter report year
So I think when they report today, you want to take a look into the numbers and see what the ad revenues were for last quarter and, indeed, as this year progresses.
argue becomes growth maybe people side trading twice worth
Now there would be a lot of people that would argue they are worth it. I would say, okay, maybe they are. But, gosh, if there's a stumble... if you're trading at more than twice your growth rate... the down side becomes horrific.
attract bit caps coming earnings good great large might money move solid toward
Now that you have some third-quarter earnings coming out that might be pretty good with great visibility, you might see a little bit of move back toward the large caps. With Motorola being an indicator, you're going to get predictable, solid earnings out of the large caps and that might attract some money in here.
brand bull earnings growth leg market percent revenue start
I think, on balance, earnings are up between 13 and 14 percent on revenue growth of about 8 percent. That's nice, very healthy, but not something to start a brand new leg of the bull market on.
normal perfectly period stocks technology weak
I think technology stocks are in for a correction, but it's a perfectly normal correction. This is a seasonably weak period of time.
economy extreme interest quarter rates recently seen towards volatility whether
I think there's going to be heightened nervousness about whether interest rates are going to go up towards the end of the quarter because the economy does look strong. The extreme volatility that we have seen recently is going to continue.
concerned potential short term
I think there's a potential for a short-term negative, but it would only be short term and not something to be concerned about.
banking basic believe crisis due mean sort stock
I think the basic fundamental underpinnings are very sound. The banking system's sound, there's no near-term crisis to be had. It doesn't mean the stock market's not overextended - which I believe it is and is due for some sort of setback. But I don't think it's 1987 all over again.
additional advertising america fee generate online subscriber success
What the success of America Online has to be is to generate additional advertising revenue. They can only up the subscriber fee so often.
buy consider downside lucky outweigh potential starts
I would not buy these here and, if I was lucky enough to own them, I'd consider some profit-taking because the downside starts to outweigh the potential upside.
ahead decide dip expecting healthy market situation today ups
If you decide to just keep plunging ahead in here, there's always some downside. And I don't know that we're really expecting any downside. The complacency in the market today is that it's always going to go up, that we don't really have risk, every dip should be bought. I don't think that's a healthy situation because there are ups and downs.