They should thank their lucky stars. If all of a sudden you've made a zillion dollars, and it's all in your company, you should diversify. That zillion all of a sudden can turn into half a zillion.
More Quotes from Bob Doll:
Once we move beyond that period of slower growth, we expect to enter an environment of low inflation and renewed economic expansion, which would be good news for financial assets.Bob Doll
If they've had the moon shot, protecting it makes some sense. They've presumably gotten it through something growing quickly.
Bob Doll
For prices to drop below the 50-per-barrel range, we would need to see a significant slowing in world growth, which we believe is unlikely at this point.
Bob Doll
Likewise, we expect earnings growth to continue to slow.
Bob Doll
The Fed appears determined to wait until it is clear that consumption growth has cooled before halting its rate-tightening campaign.
Bob Doll
Consumers will have to curb their spending eventually, which would help to cool economic growth.
Bob Doll
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