52 Total Quotes

Vince Farrell Quotes

(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

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

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

Oddly, it was sparked when Lucent's chairman said they were going to be profitable, believe it or not. And then what happened it seemed that the basic industry stocks started to do somewhat better.
Vince Farrell
#Believe

The good news in this correction was that there was a reason for it to correct,
Vince Farrell
#Correction

The market is not going to figure out where it wants to go until you have some conviction about where the Fed wants to go in terms of raising interest rates.
Vince Farrell
#Conviction

GM and Ford rattled the hedge fund trade, brought back memories of Long-Term Capital, ... That's why the bank stocks were weak.
Vince Farrell
#Memories

I think we have seen the bottom, ... I don't think we are at the beginning of a new exuberant bull market.
Vince Farrell
#Beginning

We're in a vacuum as to what we can look for in news.
Vince Farrell
#News

The cycle of capital spending is behind them. They spent a whole lot of money the past couple of years buying or refitting their locomotives, which is a very expensive proposition, ... So you're going to find free cash flow in these companies, rising earning because the economy does well and they're trading at only about 12 times earnings.
Vince Farrell
#Money

I think BellSouth looks very attractive. I think this is a terrific business with very good management, broad, diversified portfolio businesses, ... I think AT&T Wireless looks very attractive at this $9 price. And you mention these names, people just cringe but that's probably a good sign.
Vince Farrell
#Business

We've been building to this for some time, ... The economy is in a slowdown but it's not in a terrible situation.
Vince Farrell
#Economy

I think the Fed is done hiking, but this economy has shown great resilience, so it's far too early to call for a decline in interest rates. I think the Fed's out of the picture for now,
Vince Farrell
#Economy

AIG trades at a market multiple, and it is indeed the best insurance company in the world, in my opinion. But financial stocks rarely, if ever, trade at market multiples,
Vince Farrell
#Company

GTE actually has done pretty well for the past couple of years, reporting earnings yesterday which were (up) 14.5 percent, ... And management has been saying for quite some time that they think they can grow their earnings between 13 and 15 percent.
Vince Farrell
#Past

You can buy GTE for 19 times earnings with a 13 to 15 percent growth rate at a two-and-a-half-percent dividend yield,
Vince Farrell
#Growth

To me [slackening auto sales are] kind of OK because that's going to come and go and you never really can guess that, but I like the sum of the parts,
Vince Farrell
#Sales

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
#Economy

AIG trades at a market multiple, and it is indeed the best insurance company in the world, in my opinion. But financial stocks rarely, if ever, trade at market multiples.
Vince Farrell
#Company

I think the Fed is done hiking, but this economy has shown great resilience, so it's far too early to call for a decline in interest rates. I think the Fed's out of the picture for now.
Vince Farrell
#Economy

We've been building to this for some time. The economy is in a slowdown but it's not in a terrible situation.
Vince Farrell
#Economy

What the stock market is telling you is that the economy and corporate profits are going to recover sooner than thought.
Vince Farrell
#Economy

The economy looks good. Greenspan told us that.
Vince Farrell
#Economy

The data's mixed on the economic side but we have absolutely no confidence whatsoever when profits start to grow. And I think we need that before the market can improve.
Vince Farrell
#Confidence

The growth rates are still going to be significantly above what we expect the market's growth to be,
Vince Farrell
#Growth

Financial stocks tend to do well when interest rates are being lowered. Interest rate moves by the Fed take about 12 months before they work their way through the economy.
Vince Farrell
#Interest

It's starting to feed on itself, which is the anxiety which marks the bottom.
Vince Farrell
#Anxiety

You can't guess. The decade of the '80s (for example) was a decade of great wealth creation and it averaged 17 percent a year, ... But if you missed 40 of the best days, your return was around 3 percent.
Vince Farrell
#Creation

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
#Growth