Now there would be a lot of people that would argue they are worth it. I would say, okay, maybe they are. But, gosh, if there's a stumble... if you're trading at more than twice your growth rate... the down side becomes horrific.
More Quotes from Vincent Farrell:
This market is acting just like late stage bull markets have always acted in the past. What we have here are stocks that represent growth, not value. We have fewer stocks advancing and fewer groups, although it's broadening a little bit.Vincent Farrell
I think technology stocks are in for a correction, but it's a perfectly normal correction. This is a seasonably weak period of time.
Vincent Farrell
I don't think the Fed is going to raise rates. They are worried about overheating, but there are no signs of inflation.
Vincent Farrell
I think, on balance, earnings are up between 13 and 14 percent on revenue growth of about 8 percent. That's nice, very healthy, but not something to start a brand new leg of the bull market on.
Vincent Farrell
What the success of America Online has to be is to generate additional advertising revenue. They can only up the subscriber fee so often.
Vincent Farrell
So I think when they report today, you want to take a look into the numbers and see what the ad revenues were for last quarter and, indeed, as this year progresses.
Vincent Farrell
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