Quotations
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Larry Rice Quotes
«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 to place a really solid bet.»
Author: Larry Rice
«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.»
Author: Larry Rice
«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 why be a hero ahead of this meeting? ... I expect he's going to do nothing and maintain a very vigilant bias. I think he's going to be on the (lookout) for inflation.»
Author: Larry Rice
«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 money.»
Author: Larry Rice
«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 it's been for the last few weeks, that have impacted the averages. I don't think the volatility this morning was any different from any other day.»
Author: Larry Rice
«You'll probably see some bottom-fishing in IBM soon, but the rallies are going to be very narrow, selective and not sustainable,»
Author: Larry Rice
«[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.»
Author: Larry Rice
«I think we make a nice trading bottom in October.»
Author: Larry Rice
«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.»
Author: Larry Rice
«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.»
Author: Larry Rice