Quotations

«Instead of worrying about this quarter's earnings and the rate hike, let's look at 1998 now, ... Let's see what the kind of earnings we can have then. If there's no inflation in moderate growth, those numbers could come in very good, and the market can continue upwards.»

«You're telling me an institutional manager is going to start buying because he sees a WorldCom exec going to jail, ... I'm not buying it. Hopefully, the process is a little bit more in depth than that.»

«Everybody is done with the year now, so it's just going to be traders that dominate the tape. I think that you're going to see a lot of intraday volatility without much real movement.»

«You're telling me an institutional manager is going to start buying because he sees a WorldCom exec going to jail. I'm not buying it. Hopefully, the process is a little bit more in depth than that.»

«Instead of worrying about this quarter's earnings and the rate hike, let's look at 1998 now. Let's see what the kind of earnings we can have then. If there's no inflation in moderate growth, those numbers could come in very good, and the market can continue upwards.»

«Technology should fare real well, given all the business being done on the Internet right now. Those subject to the Internet, like a Sun Microsystems, those type of companies should have excellent earnings.»

«Instead of being a new bull market starting, this is just an oversold bounce from the downtrend. The sharpest rallies occur in bear markets and right now, everybody is like a deer caught in the headlights.»

«These numbers look pretty good. The problem with the group as a whole is that we have signs of a slowdown in the economy, and they are acting like consumers are never going to spend another dollar.»

«We've gone from a psychology a month and a half ago that the economy is growing too quickly, and the Fed is going to have to raise rates, to we're going to go towards a recession because the economy's slowing too quickly. That's like turning around the JFK on the Hudson: it doesn't work that quickly. So you get fear coming into the market -- it just changes its nature. The fear was inflation. Now the fear is earnings. And it's going to end up somewhere in the middle. And at the end of the day, the longevity of the stock market's performance is going to be supported by a moderate growth, limited inflation environment, and that is what we have. It's not going to be robust growth -- 5.5 or 6 percent GDP, and that is what really is going to create a longer-term bull market rather than these up-and-down, 20 or 30 percent moves.»

«They've taken some of these stocks down to really low valuation levels in tech and telecom and the leaders are going to come out ahead of the game. This is an opportunistic environment for any of those companies that have cash and are looking to acquire technology.»