It’s (Johnson & Johnson) very reasonably priced, relative to its prospects, and while J&J may be at a yearly high, again, we think it is pretty close to its five-year low, if you are talking...

Investors are focusing on Greenspan and the fact that he said they (the central bank) had increased rates four times and it did little to slow the economy. He is saying more work needs to...

There’s still a lot of concern about slowing personal computer sales and reduced corporate information technology purchases.

This economy is facing a temporary setback. What it’s going to take is time.

I think people placed bets today based on (the data). By buying stocks today, you are assuming we won’t get bad news tomorrow.

It’s just the nuttiest argument that I’ve ever heard — this whole idea of old economy versus new economy assumes that we’re all going to be sitting around in the dark, naked and hungry, surfing...

The last seven ‘bear’ markets — if you measure a bear market by a 20 percent drop — have quickly forecast economic recessions. For people with 90 percent of their net worth tied up in...

What you have going on in this market is a flight to quality, which is the blue chips, as tech stocks are priced to perfection.

I think the performance gap between the new-economy and old-economy stocks is like a rubber band; it seems to be snapping the other way. The new economy sounds very exciting, but you’re still going to...

I think this is one time the Fed is behind the curve.

There has been a lot of s elling that has taken place and you see so many analysts that are throwing in the towel. I think when investors wake up three or so years from...

It’s a very cautious market. We’re saying take a step back from the day-to-day and look at the big picture.

We may be entering a recession here. So if I owned a small business, I would pay very close attention to controlling costs and develop a contingency plan.

We think, in the short run, psychology drives the market but in the long run, fundamentals drive the market. We see very low inflation and no inflationary pressures. We think, going forward, expectations have come...

It looks like the threat of breaking up the company has been taken off the table and is beginning to fade.

The word for 2001 is look for opportunities. There are problems in the economy but they have gotten aggressive responses from policy makers.

I do think the majority of Alan Greenspan’s work is done.

People are waiting for the Fed. I think the Fed will leave rates alone, probably say that the risks are tilted toward inflation and people are also saying they’ll come back in August and hike...

(U.S. companies) now have to compete against this flood of cheap Asian imports.

I think people are looking for good value in the market and they’re finding it in ‘old economy’ stocks. What these companies have in common is they’re all viewed as great companies at a strong...

You’re seeing a return to traditional measures of value as investors become more focused on things like (price-to-earnings ratios), interest rates and earnings.

I think this bear market is done.