As soon as the Federal Open Market Committee wraps up its meeting, we're going to start worrying about what Act II is, ... Will Mr. (Federal Reserve Chairman Alan) Greenspan have to raise rates again We'll kind of go back into the whole soup all over again.
More Quotes from Vince Farrell:
With more and more people going online, you're going to need more power, ... That means Intel's going to sell more chips. I think you want to own Intel for the next couple of years because it is the engine of the Internet.Vince Farrell
I think they should be very, very cautious. There's no rush but if you have some cash, now is the time buy selectively, ... I believe we're going to have a very quiet August but there's an old rule Never sell short a dull market because you usually get pretty good rallies.
Vince Farrell
I don't think bank stocks are going to plummet, and I think you probably should take advantage of the weakness to start to add to your portfolio,
Vince Farrell
Both Farrell and Eisen forecast that the major indexes will be caught in the current trading range for some time. I think there will be extraordinary volatility day to day, ... but at the end of a month or the end of the quarter, very little net change. My guess is that the averages will finish slightly up on the year, because usually you don't have more than two down years in a row.
Vince Farrell
GM and Ford rattled the hedge fund trade, brought back memories of Long-Term Capital, ... That's why the bank stocks were weak.
Vince Farrell
I think there is an era of optimism that pervades the financial community in the United States. There's just this feeling that stocks are going to go up, and up, and up.
Vince Farrell
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We are, of course, now against any other group burning Qurans. We would right now ask no one to burn Qurans. We are absolutely strong on that. It is not the time to do it.
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Lord, bless me with the ability to achieve all that I can, and the wisdom to realize it doesn't all have to be by tomorrow!
William Eardley IV