The market is not going to figure out where it wants to go until you have some conviction about where the Fed wants to go in terms of raising interest rates.
More Quotes from Vince Farrell:
The market has been choppy because it's trying to figure out where oil prices are going to go, how fast interest rates will rise, and what these two things mean for corporate profits. It's going to remain choppy until it gets more clarity.Vince Farrell
I would be reluctant to liquidate positions, because I really do think that the next big, big move in the market is still up, ... I just think there's some noise between now and then.
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
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
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
The data's mixed on the economic side but we have absolutely no confidence whatsoever when profits start to grow. And I think we need that before the market can improve.
Vince Farrell
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