I think what we're seeing is really a normal correction and a very healthy correction in what had been a very overvalued sector, the Internet sector.
More Quotes from Mary Farrell:
Given the economic numbers, which are certainly confirming that we are having a very soft recovery, I think the Federal Reserve would be quite justified not raising interest rates either this month, or in subsequent months.Mary Farrell
I knew that in the past that these financial panics had often triggered far worse consequences. I was actually less concerned about the market than the potential for collapse of the world financial system.
Mary Farrell
What's very tough about looking at the Asian situation is that there are very deep rooted problems in a number of those countries very high debt, currency problems, economic problems. It may take a while for these to play out.
Mary Farrell
One thing that we have seen in the market over the last few years is a tendency for movement to be condensed in very short time frames.
Mary Farrell
If you look at who gets a competitive advantage -- companies like Coca-Cola, Pepsi, Procter Gamble, Gillette -- the big global companies certainly are positioned very well to not have an impact from this interest rate increase. Primarily overseas is their growth market so any slowing here won't affect them.
Mary Farrell
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