Its earnings don't change that much, its only our perception of the earnings that change.
More Quotes from Vince Farrell:
Everybody's going to continue to warn, but you have to try and put that noise aside. And we've been putting our toe back in the water, as I've mentioned to you, on technology,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.
Vince Farrell
As soon as the Federal Open Market Committee wraps up its meeting, we're going to start worrying about what Act II is, ... Will Mr. (Federal Reserve Chairman Alan) Greenspan have to raise rates again We'll kind of go back into the whole soup all over again.
Vince Farrell
Both Farrell and Eisen forecast that the major indexes will be caught in the current trading range for some time. I think there will be extraordinary volatility day to day, ... but at the end of a month or the end of the quarter, very little net change. My guess is that the averages will finish slightly up on the year, because usually you don't have more than two down years in a row.
Vince Farrell
Oddly, it was sparked when Lucent's chairman said they were going to be profitable, believe it or not. And then what happened it seemed that the basic industry stocks started to do somewhat better.
Vince Farrell
It's going to be a different game than I would have thought. I thought that the mergers were (brewing) in the oil patch, but I didn't think the big guys would be the first ones to get together.
Vince Farrell
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