I don’t think the market can go much higher, and I don’t think the Dow Jones average will immediately go to 10,000 or anything like that. I think we’ve seen the great rise. That doesn’t...

It’s like a car shifting gears. We’re looking at a massive change in the market. Now, as far as my eye can see, you’re going to see small cap stocks as the way to go.

I would by very suspicious of any utility company that raises a dividend. We’re on the eve of deregulation, and that will cause competition in the area that is going to cost a fortune.

The market has very little reason to do anything but go up in the near term.

I am not enamored with technology stocks at all right now.

The worst is over but the most painful part is yet to come.

The volatility will not end. It will exacerbate. … Everything in the world happens faster than it used to.

Inescapably, you’re going to see lower prices. I think the market is using this to accelerate what it already started, a correction But I don’t think you’re looking at the Big One. This is not...

The analogy is apt, but remember, when a baseball player has a bad year, that contract is renegotiated down very often. And when you pay 30 times earnings for a tech company whose earnings eventually...

You look for undervalued stocks by looking at industries that have been overlooked.

My thesis is not we’re entering a bear market, we’re entering a new kind of market. We’re entering a market where the secondary stocks, which have less risks, and unpopular stocks will probably do very...

I hope they don’t end up driving cabs in a couple days.

When you drop a ball from the top of a building it will bounce a couple of times.