People are just putting this under the carpet. There are plenty more companies out there that are going to have this problem.
More Quotes from Larry Rice:
I don't expect this economy to show any signs of slowing down. One of the strategists a couple of years ago alluded to the battleship -- you don't stop this battleship in mid-water unless you have a bunch of torpedoes and the anti-aircraft, and the fact of the matter is, there aren't enough torpedoes out there yet,Larry Rice
Technology is where there's momentum, ... That's been the norm and it's getting worse. People are going to go where they can make money.
Larry Rice
My timing would be that I'd want to start lightening up as we approach the elections, because once again, after the elections, it's conceivable you have a slowing economy. But a lot of things I'm looking at underneath the surface here show me that possibly we're going to have rising inflation at a time when the economy begins to slow. So we're going to see more increases after the elections.
Larry Rice
I find it incredulous that you can take a two-year bear market in the Dow and reverse it in two days, ... So I'm not sure this is too sustainable past another day or so before the money flows back into Nasdaq.
Larry Rice
I think we make a nice trading bottom in October.
Larry Rice
That's three years in a row we're looking for a slow first half and pick up in the second. That's no surprise.
Larry Rice
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