I think these markets are pretty resilient. We're seeing individual investors really taking advantage of the long term ... filtering out the short-term.
More Quotes from David Otto:
A stock that's seen a lot of bad news is First Union, ... Here is a great stock with depressed earnings and interest rate fears. When the clouds are darkest, that's when long-term investors can really save for retirement.David Otto
The pipeline is terrific, ... They've probably got the strongest, best, broadest band of drugs for sale today and in the future. And remember, if you think back to the early 1990s when health-care reform was a big deal, nobody wanted to buy these drug stocks. And if you had bought them, you made a lot of money and we think the same thing is going on with some of the Medicare reform today.
David Otto
We think a good quality company with a long track record, like Compaq is going to find the right CEO and they're going to turn this boat around and it's going to be a lot higher than it is today. ... I think they've swept most of the bad news under the rug right now and we're looking at Compaq as really going forward.
David Otto
This is the time, ... to buy Disney ( DIS ), when theyre going through operational difficulties and cleaning house. Theyre getting out of the businesses that dont make sense and investing in the businesses that do.
David Otto
It gives a great opportunity to Allstate to increase their business,
David Otto
Readers Who Like This Quotation Also Like:
The American Dream is really money.Jill Robinson
There is no human problem which could not be solved if people would simply do as I advise.
Gore Vidal
I could work out a lot of my emotions by going to class and dancing.
Suzanne Farrell