More - Vince Farrell Quotes

I think the market tends to rally in front of a Fed meeting, ... I think what is going to happen is no action (to raise rates), hawkish comments and the rally fades, because what you then have to turn your attention to is what will earnings be. If growth goes from 5.5 percent to 3.5 percent, earnings are going to slow.

Vince Farrell

 

I think it's a rally in a bear market. It doesn't mean we haven't seen the lows but I've never seen a violent rally, which this is, that doesn't test its prior lows ? it's going to happen sometime in the second quarter.

Vince Farrell

 

(In the case of) Rowan Drilling, I believe there'll be a turnaround in our need to drill for hydrocarbons and this specializes in Gulf of Mexico,

Vince Farrell

 Believe

Mr. Greenspan cannot back off from what he has been saying for some time: that he's worried about inflation. There's no reason to. The markets are kind of going his way. The economy seems to be slowing down. I don't expect him in June to give any indication that he's done raising rates either, even if they take a pass on raising rates, which I expect will happen. He's just got to wait and see. And he's not going to give any early indications otherwise.

Vince Farrell

 Inflation

I don't know if you could say definitively we're in a recession yet, ... I think the markets have been hoping for a three-quarter-point cut. And I believe this is going to take the wind out of a rally.

Vince Farrell

 

I would be reluctant to liquidate positions, because I really do think that the next big, big move in the market is still up, ... I just think there's some noise between now and then.

Vince Farrell

 

Intel by itself is being powered by very good earnings progression, very good gross margins, and all that is helped by the spreading use of the Internet. But I think Internet stocks and Intel are a world apart, ... Business Day .

Vince Farrell

 Earnings

Intel and IBM both are down quite significantly from their 52-week high. I think IBM is about a 25-percent decline and Intel almost that. I don't know where the bottom might be on these,

Vince Farrell

 

I think Dow 10,000 is probably on the sidelines for now.

Vince Farrell

 

People lost money last year and now they have to pay the tax bill -- 'They're saying I lost money and now I have to write a check.' They're not thinking about earnings or warnings.

Vince Farrell

 Money