I think today, at worst, the Fed might tilt towards a tightening. But if they don't, if they keep policy unchanged, I would expect you would see . . . the bond market should rally significantly too.
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
People lost money last year and now they have to pay the tax bill -- 'They're saying I lost money and now I have to write a check.' They're not thinking about earnings or warnings.
Vince Farrell
Those are all trading around 12 times earnings and have given us very good earnings growth in a depressed pricing environment, ... And I think the pricing is improving for those companies.
Vince Farrell
I like the fact that it's almost done. They are finally doing something but for seven years, the Japanese have not gotten it.
Vince Farrell
They may or may not have exposure to the hurricanes depending on where their business is written, ... But it's psychologically a good time to move in, because that's when these stocks tend to be toward their bottoms, and indeed they are right now.
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
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