No matter what happens (incoming AOL CEO Richard) Parsons and gang are going to concentrate on calming market expectations. Period,
More Quotes from Vince Farrell:
I don't know if you could say definitively we're in a recession yet, ... I think the markets have been hoping for a three-quarter-point cut. And I believe this is going to take the wind out of a rally.Vince Farrell
Volume is definitely a weapon of the bull. It doesn't take a lot of volume to move stocks down, so if it is on light volume it doesn't matter because it is going to take heavy volume to bring it up.
Vince Farrell
Right now Fannie Mae is trading at a price to earnings multiple that is below its growth rate, yet Fannie Mae is one of seven companies in the SP 500 that's grown its earnings double digit for the past 13 years.
Vince Farrell
The Fed's worried about the economy overheating, ... I think the Fed would be thrilled if the financial sector took a deep breath. I think we all should be thrilled.
Vince Farrell
Management had a very candid conference call the other day in which they announced earnings which were pretty good and they're going to shrink the balance sheet a little bit, get back to the core business, ... They announced a 30 million share repurchase program. The stock is trading at about nine times (earnings). I think it looks pretty good.
Vince Farrell
Mix and match the risk. If you do it well, your growth guy is not going to correlate with your value guy -- but it will keep you in the game, ... If you're all in one style and it goes bad, that's the worst thing you can do if you want to build wealth over a long period of time.
Vince Farrell
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