A problem with the banking industry is that it's very difficult to evaluate what loans banks have in their portfolios. At times like this, banks will come under selling pressure.
More Quotes from Bernadette Murphy:
Over the past 50 years, the average gain in the stock market has been roughly 16 percent a year. That, considering where we closed at the end of 1995, would put us just under 6,000. Those are big numbers, but on a percentage basis they're within the scope of a bull market.Bernadette Murphy
The fact that we were only down 20 points after the inordinate gain yesterday was pretty impressive.
Bernadette Murphy
The realization now is that the economy really is starting to slow down. And we've had figures from certain industries that would indicate that. And so therefore, investors are trying to put their money where gains in growth and earnings will take place, even in a slower economy. The areas that I think have been benefiting, and I think will continue to benefit, are the financial and health care sectors because that has been a traditional growth area. But not at the percentage gains that some of the technology companies have experienced.
Bernadette Murphy
They're a natural gas collector and distributor. They have very good management. They have a 2.9 percent yield and a low price-to-earnings multiple.
Bernadette Murphy
I would like to say that I see the market broadening, ... But I really don't. People have been talking about the Russell 2000, because that has been performing so well. It's 2000 of the smallest stocks. Now, the problem is though that most of the gains have been in the health care area, which are the biotech stocks. And that's up over 50 percent since the end of the year. And the other area is the technology area, which has been up substantially. And that's what's been lifting that particular index.
Bernadette Murphy
This is what a lot of us who have always looked at the VIX have a reservation about -- it's not the late 1990s any more,
Bernadette Murphy
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Ernest Mandel
Marketing is what gets you noticed, and that side of it something - this side of it, if you like, doing interviews - is the side of it that I least enjoy, and yet is 50% of the project.
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Directing is: you're overwhelmed the whole time. Your mind never stops. If you care about it. You wake up in the morning and you begin thinking about it and then you go to sleep at night and you're still thinking about it.
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