We still think over the next five years the Dow is going to 18- or 20,000, so any type of pullback here, we think, is a blessing in disguise. It's a nice way of cooling off the market a little bit and there's still a lot of value out there right now.
More Quotes from David Elias:
I think China is going to become more like Hong Kong - - more capitalistic and entrepreneurial, ... It's a wonderful opportunity for American companies who like to do business world-wide. It's going to make a significant impact on (American) company earnings in the next 20 years.David Elias
Look at it like it's your 'Vegas money,' so if you lose every penny you don't have to sell your home,
David Elias
It's not an easy thing to go through, ... Today there definitely was panic.
David Elias
The fact of the matter is this economy needs to pull back a little bit, build a base, and once it builds that base, I think we're going to take off and see all-time new highs in the market. And you're going to see prosperity like we've never seen since World War II because of that.
David Elias
We could have a terrible Christmas, and it could be another six months before things improve,
David Elias
You should invest in companies you know -- companies whose products you use, ... So when you go into volatile times, you have the peace of mind to know these companies will be here when you leave this earth.
David Elias
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Based on Topics: Blessings Quotes, Value QuotesBased on Keywords: pullback
In all unmerciful actions, the worst of men pay this compliment at least to humanity, as to endeavour to wear as much of the appearance of it, as the case will well let them.
Laurence Sterne
The histories of mankind are histories only of the higher classes.
Thomas Malthus
They who are all things to their neighbors cease to be anything to themselves.
Norman Douglas