an open brain search.
More Quotes from Fred Sears:
The action right now is fine, but the concern is that the market seems to be stuck in this trading range. But we think it's fine to invest if you're looking at the long term. Summer is always a hard time . All the fund managers are on vacation, and volume is very light.Fred Sears
Sears' second pick is Ericsson for a value play. The stock is incredibly oversold in our opinion. The new managements is going to do a pretty good job we think and when telecom comes back that's where you want to be, ... Ericsson is certainly at least a one-year hold-though. Were not expecting any miracle soon.
Fred Sears
I think watching him (Peter) win was as exciting as watching the Red Sox win the World Series. He has the engine and strength to accomplish whatever his brain wishes to do. It's not easy to do what he does, but he can do it all out there.
Fred Sears
But I wouldn't be in a rush to buy these stocks right now. Maybe buy a little bit. Keep your powder dry, and wait a couple of months, see what happens. I'm very worried about May. What is going to happen in the summer doldrums Perhaps the market will correct again. You've got to be very careful here. So remember, buy stocks with earnings -- that's my opinion.
Fred Sears
I'm still in the camp that says (this is) a rally in a bear market.
Fred Sears
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