We had a euphoric day yesterday because the market thinks Mr. Greenspan is going to be benign today,
More Quotes from Vince Farrell:
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.Vince Farrell
I think the bloom is off the rose of the very, very richly priced 'new economy' stocks. Many of these are terrific companies, many will be here a few years from now. But I question the prices that they all got to.
Vince Farrell
I think what really triggered the rally was the surprise cut by (Federal Reserve Chairman Alan) Greenspan in interest rates. But earnings have been good enough to continue the rally. Now the concern going forward is Can earnings grow in 1999.
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
We've been building to this for some time, ... The economy is in a slowdown but it's not in a terrible situation.
Vince Farrell
Yahoo is vulnerable to the extent that they're going to have to do something, ... Not necessarily an outright sale of the company so some sort of very close affiliation.
Vince Farrell
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