Everybody's going to continue to warn, but you have to try and put that noise aside. And we've been putting our toe back in the water, as I've mentioned to you, on technology,
More Quotes from 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
Oddly, it was sparked when Lucent's chairman said they were going to be profitable, believe it or not. And then what happened it seemed that the basic industry stocks started to do somewhat better.
Vince Farrell
It's going to be a different game than I would have thought. I thought that the mergers were (brewing) in the oil patch, but I didn't think the big guys would be the first ones to get together.
Vince Farrell
The cycle of capital spending is behind them. They spent a whole lot of money the past couple of years buying or refitting their locomotives, which is a very expensive proposition, ... So you're going to find free cash flow in these companies, rising earning because the economy does well and they're trading at only about 12 times earnings.
Vince Farrell
The good news in this correction was that there was a reason for it to correct,
Vince Farrell
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.
Vince Farrell
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