“I think that we are setting the stage with cash levels very high, with negative sentiment widespread for both the economy and the stock market -- I think well see a nice rally developing over the next six months, ... So I suspect investors -- if theyve held on, I would encourage them to continue to hold on, and we might end up with a positive return in those sort of large-cap growth stocks that I specialize in by year-end.”
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“[Still, not everyone was buoyant about the transition.] I dont think youre doing anyone a public service by doing this. I dont really view it as any kind of material generator of savings to investors at all, ... The markets were working perfectly well without it. Speaking as a professional investor, maybe theres an adjustment period, a transition period, and maybe in two months Ill say it was no big deal. But as of today, to me, I find trying to read the tape more confusing than it was before.”
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“Its much easier for the consumer to gain advice and invest in a broader array of products.”
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“I think what were seeing in the market is the reflection of a lot of uncertainty right now,”
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“There was a lot of talk about China.”
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“Thats where the earnings are, thats where the jobs are. Weve been living like this now for quite some time. I think its going to continue.”
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“You are still years away from having any commercial products that are going to do anything for anybody. Its a great milestone, but its just the beginning.”
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“Its an Intel European, double-ordering, higher oil prices, weaker euro phenomenon,”
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