In this case, it's a stealth bull market. You can make money buying stocks of good, understandable businesses -- good being defined as good balance sheets, good rates of growth, good management, no off-balance-sheet financing. No nonsense.
More Quotes from Harvey Eisen:
The market took in some unbelievably significant bad news this week and is comparatively holding in, which is certainly encouraging,Harvey Eisen
The terrorist issue is everybody's worst nightmare, ... It's a major negative. Israel is a major nightmare, as is the Middle East, because it's a time bomb. But they always seem to be able to figure it out when it gets serious. The real problem to me is if the U.S. goes after Saddam Hussein, because that would be like '91 and that could be a concern. But barring those negatives, the economy has clearly bottomed. The Fed cut rates to a 40-year low. Now they're even debating whether there was a recession.
Harvey Eisen
I hope he's right cause that's what I own.
Harvey Eisen
You have this every couple years. You have a 10 or 11 percent decline. We've had it. It will probably go a little bit lower but this is not the beginning of the end.
Harvey Eisen
Now, everything is just flipped upside down 100 percent. He was wrong then, and I think he's wrong now. He should never have raised rates.
Harvey Eisen
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Based on Topics: Management QuotesBased on Keywords: off-balance-sheet
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