Valuations are typically higher at the beginning of a recovery, but in this case they’ve run too high, … Whether you’re looking at dividend yields or the P/E going forward, we’re just stretched.

I don’t expect this economy to show any signs of slowing down. One of the strategists a couple of years ago alluded to the battleship — you don’t stop this battleship in mid-water unless you...

You don’t fight an unfriendly Fed.

You look at the Abby Joseph Cohen stuff and you wonder why Goldman doesn’t just stop it already. Guys, it’s been three years of bad predictions. You’re being ridiculed.

There’s a lot of uncertainty with these deals. You’ve got Congressional investigations that will take place. Foreigners come in and Congress will take a really close look at it.

I think the most relevant thing is the market was down 120 yesterday. I think we’re going to have a knee jerk reaction back up.

There’s no conviction for a sustained move but there’s just an ongoing rotation, … Everyone knows now that (interest) rates aren’t going to go up for awhile so it’s just a recycling of the same...

People are just putting this under the carpet. There are plenty more companies out there that are going to have this problem.

I think this is very tentative. This is a little bounce.

I think we make a nice trading bottom in October.

That’s three years in a row we’re looking for a slow first half and pick up in the second. That’s no surprise.

In the past three to four sessions, investors have been getting back into tech stocks. The movement is out of drugs and oils and into Internets.

We’ve gone a long way to discounting a favorable outcome — you’re getting the rally that should have taken place the day the bombs fell. The real question is how much longer are the hedge...

That’s not a lot of firepower. I’d feel more comfortable if it was 8 or 9 percent.

If he (Fed Chairman Alan Greenspan) doesn’t raise rates and goes to neutral, the market is going to go crazy; if he doesn’t raise rates but stays tight, everyone will say it’s expected — so...

There is no conviction. Is the economy slowing down or is the red-hot momentum continuing? I think people are really shell shocked by the crazy volatility.

My timing would be that I’d want to start lightening up as we approach the elections, because once again, after the elections, it’s conceivable you have a slowing economy. But a lot of things I’m...

the bull market doesn’t end with a friendly Fed.

My philosophy is kids have to learn how to learn.

You don’t start a new bull market with 4.3 percent cash and I don’t see a rush by the public to come in here.

You have Christmas, and you have a bunch of half days that nobody is going to work. Plus, it’s been a hell of a ski season so far.

It’s a very tentative-type market where people are going to opt for safety and wait it out. I think there’s just a lack of conviction here.

[The biggest distraction this week for investors will be] patriotism, … It’s gonna be back and forth all week. After next week, we’ll be able to move forward.

We’ve climbed a long way here, gone a long way toward discounting the beginnings of this economic pickup. I don’t really want to do any investing here. I’m raising cash on the hope that I...

There’s a continued choppiness coming from yesterday’s meeting; it’s really a trading environment instead of an investing environment, … Action has been dominated by stories in individual stocks but, to me, it’s just continuing the...

That’s high. It’s tough to justify. So let’s look at the charts — I’ll feel better.

Any rally we’re going to see is not going to be a very powerful rally. It’s going to be a handful of what investors perceive as safe trading stocks or big name capitalization.

Face it, the market really hasn’t made much progress. Maybe it’s telling you to err on the side of caution.

The firming is once again the case of one or two stocks as is the case on the downside. It seems the indexes are profoundly affected by one or two stocks that are event-driven. Today...

Hewlett-Packard is basically the whole story. It is a one-sided market with a few stocks providing the push,

I think we’re very close to the end of this particular correction. The bull market’s not over by any means. We need several increases in interest rates before stocks top out.

A lot of investors ignore these people because they’ve burnt them so badly, … When all the pompoms get replaced, that’s usually the sign of a bottom.

You’ve got a bubble in bonds. There is a panic to buy debt just like there was a panic to buy stocks in 1999.

It’s amazing how investors penalize IBM ( IBM : Research , Estimates ) for the progress they’ve made over the last few years, … And, yet they’ll pay 100 times revenue for other companies. The...

When they first announced this, I said, ‘Who?’ … I was hoping it would be somebody with a higher profile.

You’ll probably see some bottom-fishing in IBM soon, but the rallies are going to be very narrow, selective and not sustainable,

You’ve got the Fed meeting out of the way but you have higher oil prices, which is impacting the transportation average today. As far as oil is concerned, you’re coming into the heating oil season...

We’d get some sort of relief rally, … And then we’d have a sobering up.

The parts are worth more than the whole.

I find it incredulous that you can take a two-year bear market in the Dow and reverse it in two days, … So I’m not sure this is too sustainable past another day or so...

The best thing that could happen is for this market to have a reasonable correction, … I would have thought we would have had one a long time ago.

Whenever a company like Dell implodes, they go on to other names. It’s a rotation — put a dart in one of them and go on to the others, … It’s a few stocks, as...

This is a nice surprise, but we’ve been through this before, … God knows the odds seem to favor a better year. Let’s see what happens.

It’s just money circulating among the same groups.

Judge Butch [Robert] Childers [Circuit Court, Division 9] works his butt off. He’s gone the extra mile. I get bothered when I see a judge giving 110 percent on the job and then see false...

This market is going to fool the greatest number of people by doing what it’s not supposed to do.

The mutual funds are trying to make up for a god-awful performance and they’re going to put whatever cash they have to work.

Earnings are going to be OK, but they’re carrying stocks to excess both on the upside and the downside, … Everybody’s a little nervous here about interest rates and the economy. No one is willing...

Long-term, the bull market is very much intact, … Near-term, we’re severely overextended. It wouldn’t surprise me to see a correction.

Technology is where there’s momentum, … That’s been the norm and it’s getting worse. People are going to go where they can make money.