Larry Rice Quotes (29 Quotes)

There is no conviction. Is the economy slowing down or is the red-hot momentum continuing I think people are really shell shocked by the crazy volatility.

There's a lot of uncertainty with these deals. You've got Congressional investigations that will take place. Foreigners come in and Congress will take a really close look at it.

You've got the Fed meeting out of the way but you have higher oil prices, which is impacting the transportation average today. As far as oil is concerned, you're coming into the heating oil season and inventories are down. I think that weighed upon (Fed chairman) Greenspan's cautionary bias.

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,

The firming is once again the case of one or two stocks as is the case on the downside. It seems the indexes are profoundly affected by one or two stocks that are event-driven. Today it is Microsoft.

You have Christmas, and you have a bunch of half days that nobody is going to work. Plus, it's been a hell of a ski season so far.

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.

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.

Judge Butch Robert Childers Circuit Court, Division 9 works his butt off. He's gone the extra mile. I get bothered when I see a judge giving 110 percent on the job and then see false statistics being reported. It falls under the heading of no good deed goes unpunished.

It's amazing how investors penalize IBM ( IBM Research , Estimates ) for the progress they've made over the last few years, ... And, yet they'll pay 100 times revenue for other companies. The second half of this year, it looks very good, very strong for IBM's businesses. I'd continue to buy IBM for portfolios here.

Whenever a company like Dell implodes, they go on to other names. It's a rotation -- put a dart in one of them and go on to the others, ... It's a few stocks, as it's been for the last few weeks, that have impacted the averages. I don't think the volatility this morning was any different from any other day.

People are just putting this under the carpet. There are plenty more companies out there that are going to have this problem.

You've got a bubble in bonds. There is a panic to buy debt just like there was a panic to buy stocks in 1999.

The mutual funds are trying to make up for a god-awful performance and they're going to put whatever cash they have to work.

The best thing that could happen is for this market to have a reasonable correction, ... I would have thought we would have had one a long time ago.

You look at the Abby Joseph Cohen stuff and you wonder why Goldman doesn't just stop it already. Guys, it's been three years of bad predictions. You're being ridiculed.

This market is going to fool the greatest number of people by doing what it's not supposed to do.

There's no conviction for a sustained move but there's just an ongoing rotation, ... Everyone knows now that (interest) rates aren't going to go up for awhile so it's just a recycling of the same money.

I think the most relevant thing is the market was down 120 yesterday. I think we're going to have a knee jerk reaction back up.

You'll probably see some bottom-fishing in IBM soon, but the rallies are going to be very narrow, selective and not sustainable,

I think we make a nice trading bottom in October.

I think we're very close to the end of this particular correction. The bull market's not over by any means. We need several increases in interest rates before stocks top out.

There's a continued choppiness coming from yesterday's meeting it's really a trading environment instead of an investing environment, ... Action has been dominated by stories in individual stocks but, to me, it's just continuing the trend of more money chasing few names.

We've climbed a long way here, gone a long way toward discounting the beginnings of this economic pickup. I don't really want to do any investing here. I'm raising cash on the hope that I get a better opportunity and better prices on a pullback.

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.

If he (Fed Chairman Alan Greenspan) doesn't raise rates and goes to neutral, the market is going to go crazy if he doesn't raise rates but stays tight, everyone will say it's expected -- so why be a hero ahead of this meeting ... I expect he's going to do nothing and maintain a very vigilant bias. I think he's going to be on the (lookout) for inflation.

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.

The biggest distraction this week for investors will be patriotism, ... It's gonna be back and forth all week. After next week, we'll be able to move forward.

It's a very tentative-type market where people are going to opt for safety and wait it out. I think there's just a lack of conviction here.