Drug companies are being hit by the Merck trial. But since their valuations are still cheap, we might see a sharp rebound in their stock prices soon.
More Quotes from Al Goldman:
The productivity number came in better than expected and there were fewer jobless claims than forecast.Al Goldman
Anyone who isn't worried about an attack on our homeland just doesn't have a pulse.
Al Goldman
The fundamental news and the inflation news remain quite positive. We had that big six-week rally in October. Stocks at this exact moment just don't seem ready to stop this correction.
Al Goldman
Right now this is a market based on sound fundamentals. I do not see any irrational exuberance. I see intelligent buying. Somewhere out there we will get into a blow-off stage but when that will come is totally unpredictable. Therefore, I'll worry about it when market action starts to change.
Al Goldman
The main impetus behind the selling was the employment figures. Even though we created 193,000 new jobs, which was less than consensus, the unemployment rate falling to 4.7 points out that the labor market is very tight and this has conjured up concern the Fed may not stop at 4.75 on Fed funds but maybe it will go up to 5.
Al Goldman
When bull markets and economies start putting on some age, the bigger-name defensive growth stocks get more attention.
Al Goldman
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Based on Topics: Drugs QuotesI know now that most people are so closely concerned with themselves that they are not aware of their own individuality, I can see myself, and it has helped me to say what I want to say in paint.
Georgia OKeeffe
When it comes to having a central nervous system, and the ability to feel pain, hunger, and thirst, a rat is a pig is a dog is a boy.
Ingrid Newkirk
It is rather a problem of how to secure the best use of resources known to any of the members of society, for ends whose relative importance only those individuals know.
Friedrich August von Hayek