What the stock market is telling you is that the economy and corporate profits are going to recover sooner than thought.
More Quotes from Vince Farrell:
The Fed's worried about the economy overheating, ... I think the Fed would be thrilled if the financial sector took a deep breath. I think we all should be thrilled.Vince Farrell
I don't think the Fed is going to raise rates . . . just because of a report the Fed is worried about it. I don't see any sign of inflation.
Vince Farrell
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.
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
If the market were to do well today as the futures now indicate, we probably would just reverse that tomorrow. So I don't think you'll get much in the way of a trend. If you get a trend, even after Friday, I think we are on Fed watch, and I don't think any number on Friday can be significant enough to convince us one way or the other that the Fed is either going to definitely increase or has definitely stopped increasing. So we're treading water for a while.
Vince Farrell
Mix and match the risk. If you do it well, your growth guy is not going to correlate with your value guy -- but it will keep you in the game, ... If you're all in one style and it goes bad, that's the worst thing you can do if you want to build wealth over a long period of time.
Vince Farrell
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