In this volatile market, the best procedure is to buy on dips. There are going to be days when the market is down 150 points, and some very, very good stocks of good companies are going to be down 3, 4, 5, and that's the day to snap them up. Stocks are expensive, but they're expensive for a good reason. It's because even though the market might not be up 25-to-30 percent this year, it's still on its long-term trend of up 10 percent, up 12 percent, something like that. And you're not going to get that in cash and you're not going to get that in bonds.
More Quotes from Alan Hoffman:
I would guess that the CPI is going to be fairly benign, ... Usually there is some information about the CPI embedded in the PPI number. Based on that I can't think of any component within CPI that might be a wildcard.Alan Hoffman
The problem for the next seven weeks will be this tug-of-war. Until we start seeing earnings taking off, I don't think we're going to go anywhere but that says there's interest in buying.
Alan Hoffman
I'd use the market dips as an opportunity to get into quality companies. There are a lot of good stocks, some in the technology arena, some elsewhere that are down 20 to 40 percent from their 52-week high as established just a few months ago. On days when stocks are trading off, I'd use that as a very compelling rationale for a fishing expedition,
Alan Hoffman
I would stick with what we call our blue chip tech stocks, companies with established histories, with good earnings, positive earnings. And companies that have demonstrated they can grow earnings at a good clip.
Alan Hoffman
It's beginning to bump up, but we don't think that it's nearly as vulnerable as some other technology stocks, because it benefits from Y2K, ... It benefits from Internet proliferation.
Alan Hoffman
Readers Who Like This Quotation Also Like:
Based on Topics: Reasoning QuotesLaughter, and the broader category of humor, are key elements in helping us go on with our life after a loss.
Allen Klein
I never felt so close to a guitar as that silver one with mirrors that I used on stage all the time.
Syd Barrett
The score never interested me, only the game.
Mae West