I think we've been in a search for leadership in the market. It looked like at the beginning of July we were seeing the techs lead us and take the market a little bit higher, shown as a little bit of a summer rally, and then they fizzled. And so did the rest of the market. And we've just sort of swooped lower. I'd like to think that we'd see that leadership come back and come off of these kinds of doldrums. But I think it might take a little bit longer, might even be today's unemployment report that begins to give us a nudge along,
More Quotes from Michael Farr:
Greenspan has been like a dog with a bone, very tenacious, ... I think the Fed will make a mistake. They will go too far. They always go too far.Michael Farr
I like Citigroup as a nice core holding. It's a big money-center bank. They do have some exposure, of course, to Salomon Smith Barney in the brokerage industry, ... This stock has pulled back in here, 44.95 a share. I think that it's going to grow those earnings at around 14 percent -- 11 times and 12 times earnings, that's a cheap stock.
Michael Farr
Let's get back on that momentum boat, let's see if we can open our day-trading accounts again, ... But I can't help but think, where have you been for the past year Haven't you learned anything And wasn't it painful enough for you Maybe we need some more pain, but I don't think we are going to get a lot more of it.
Michael Farr
owned it for some time. We've liked Bank One ( ONE ) for some time. They've been kind of murky in terms of guidance. Management has made some analysts nervous. But we think that the values are certainly there. Earnings growth is there. So, Bank One would be one of ours, too.
Michael Farr
These guys are the top operator in that industry, ... And certainly, with the Baby Boomers aging, people living longer, the advances in science and health care, we think that Sunrise Assisted Living is doing a great job growing their earnings and the stock price looks good to us for the long term.
Michael Farr
This is the time when we see what all these increasing inventories mean.
Michael Farr
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Based on Topics: Summer QuotesBased on Keywords: fizzled, swooped
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