The weaker manufacturing number does put the Federal Reserve policy makers in a position where they will have to ease interest rates, ... The market is in a downtrend here. Psychology is controlling the market here. We're embracing the bad news and discounting the good news.
More Quotes from Michael Farr:
I think the economy is recovering and we won't get into a double dip. But trying to forecast when that economic strength shows up in earnings is a kind of fool's game. We've been playing it for about two-and-a -half years now,Michael Farr
The more you know about the job, the industry and the employer, the more likely you are to present yourself well in the interview.
Michael Farr
owned it for some time. We've liked Bank One ( ONE ) for some time. They've been kind of murky in terms of guidance. Management has made some analysts nervous. But we think that the values are certainly there. Earnings growth is there. So, Bank One would be one of ours, too.
Michael Farr
It was out of favor two months ago in this short-term mentality market. They're growing earnings. They're doing a very nice job. Intel, I think, is going to be a nice core holding for the next 5 years. This month, next month, this week, next week -- I don't think it matters. If you have money that can be in the market for 5 years, Intel is a good place for part of it.
Michael Farr
They are earning a lot of money, ... They've got great products, and they are going to get through all of this noise with the government.
Michael Farr
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