An earnings boost doesn't trump a contrary verdict.
More Quotes from 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
I don't think the bull market's over, but I think it's getting tired. I think it's slowing down, and I think it's going to continue to creep ahead, but I think you've seen the fancy action for a while.
Michael Farr
I'm looking for capital spending to pick up. Corporate America really hasn't spent money for the past couple of years, particularly on technology, ... While the consumer has remained consistent and constant and robust, corporate America still has money to spend.
Michael Farr
The post-Labor Day rally, I wasn't sold on. The fact that we didn't really crash over summer, I thought was a terrific blessing. I think sentiment is going to drive the market from here. The numbers are there, the numbers have not changed. The economy has not changed, it is still good, slowing down a little bit. We've got a nice stable platform. Earnings for second quarter were fabulous. They ought to be pretty good, I think, coming in here to the third quarter.
Michael Farr
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.
Michael Farr
Will the Fed keep raising rates until the yield curve's inverted There's not much margin for error here,
Michael Farr
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