They may or may not have exposure to the hurricanes depending on where their business is written, ... But it's psychologically a good time to move in, because that's when these stocks tend to be toward their bottoms, and indeed they are right now.
More Quotes from 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
Margin calls tend to precipitate a sell-off, and you've got to figure that part of this action today was due to the initial thrust of the margin calls' feeding the selling.
Vince Farrell
I kind of want to shut my eyes and buy these things and...a year or two from now, Im going to make significant gains regardless of what the market does in the interim,
Vince Farrell
But the chances are unlikely at this point, say analysts. People will wonder is going to cut rates before the next meeting, ... I think the Fed will not cut before the next scheduled meeting.
Vince Farrell
Those are all trading around 12 times earnings and have given us very good earnings growth in a depressed pricing environment, ... And I think the pricing is improving for those companies.
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
Readers Who Like This Quotation Also Like:
Based on Topics: Business & Commerce QuotesIf we all worked on the assumption that what is accepted as true is really true, there would be little hope of advance.
Orville Wright
All old music was modern once, and much more of the music of yesterday already sounds more old-fashioned than works which were written three centuries ago.
Peter Warlock
I'm not an actress. I just have to be myself.
Angel Carter