30 Quotes by Bill Meehan

We're going to be winding down (earnings) and more focus will be turning toward the presidential election. However, there's not much one can do since the race appears too tight to call. On a poll-by-poll basis, you could see drug stocks impacted negatively or positively, with tobacco stocks and defense stocks similarly impacted.

We're getting closer to the earnings period, and the bulls are hoping that the actual quarterly results will be in line or better than expected and alleviate the fears that there's another warning coming in every night.

I don't think we're in for Armageddon, but there's not going to be any visibility on earnings. So we've got months of trading fun and investors can go to the beach.

I don't think it's going to help the economy very much, and it's certainly not going to help corporate profits.

Having cash all the time to some degree makes a certain amount of sense. I don't ever advise people to be 100 percent in or 100 percent out.

The overwhelming key will be, as companies report, it won't be as much about what they report but what they have to say about the fourth quarter and 2001.

I would tell people who are overweight in technology to use any bounces to lighten up in those areas, raise some cash and shift portfolios into more defensive positions.

I think we are making a change back to a more historically normal environment and I think value will outperform growth.

I think that's evidence that a good deal of any weak earnings is priced into the market because the expectations have been lowered by analysts and further lowered by realistic expectations of the Street.