I was really encouraged by yesterday's move, ... I don't know about the average - the average is in the process of bottoming - but it may well be that the average can kind of bottom out, individual stocks are going to go off on their own, up or down.
More Quotes from Vince Farrell:
We're in a vacuum as to what we can look for in news.Vince Farrell
The market is not going to figure out where it wants to go until you have some conviction about where the Fed wants to go in terms of raising interest rates.
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You're not going to get rich by Tuesday, it's going to take a long time, ... Don't quit your day job and don't expose yourself to levels of risk you can't tolerate.
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Its earnings don't change that much, its only our perception of the earnings that change.
Vince Farrell
I think there's a whole lot of tech stocks that make sense. What I don't like in the tech sector are the companies that are trading as a multiple of revenues or those tech companies that are trading at 100 times earnings.
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We had a wonderful day yesterday, and our biggest position is CIT Group, which was taken out by Tyco International,
Vince Farrell
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