I don't think the market can go much higher, and I don't think the Dow Jones average will immediately go to 10,000 or anything like that. I think we've seen the great rise. That doesn't mean we're going to see a terrible decline, but I think the great rise is over and caution is the word.
More Quotes from Lou Ehrenkrantz:
I hope they don't end up driving cabs in a couple days.Lou Ehrenkrantz
You look for undervalued stocks by looking at industries that have been overlooked.
Lou Ehrenkrantz
When you drop a ball from the top of a building it will bounce a couple of times.
Lou Ehrenkrantz
I would by very suspicious of any utility company that raises a dividend. We're on the eve of deregulation, and that will cause competition in the area that is going to cost a fortune.
Lou Ehrenkrantz
The analogy is apt, but remember, when a baseball player has a bad year, that contract is renegotiated down very often. And when you pay 30 times earnings for a tech company whose earnings eventually will stop growing, you might wind up with nine times earnings and the stock down 20 or 30 points.
Lou Ehrenkrantz
Readers Who Like This Quotation Also Like:
Based on Topics: Moderation & Temperance QuotesI figure you're only here for a matter of moments. Ever since I was a kid watching movies I've always wanted to make people laugh or have some sort of emotional reaction.
Tim Conway
Then that did very well at the box office, so before you knew it, we were in a string of feature motion pictures. Then they announced that they were going to do some spinoffs of us.
George Takei
Some of the press who speak loudly about the freedom of the press are themselves the enemies of freedom. Countless people dare not say a thing because they know it will be picked up and made a song of by the press. That limits freedom.
Geoffrey Fisher