9 Quotes by Harvey Eisen
- Author Harvey Eisen
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There are companies that in my mind are obvious takeover candidates,
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I think by any measure we are at a major bottom, but bottoms don't happen overnight. Stocks can hit a bottom and then trade sideways, go up and down as they adjust. But I'd be stunned if we traded more than 10 percent lower.
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You have this every couple years. You have a 10 or 11 percent decline. We've had it. It will probably go a little bit lower but this is not the beginning of the end.
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The work that we keep tells me that we are within a day or two of a short-term bottom. We are at very, very oversold levels, so the last thing anybody should do is sell tomorrow in a panic. The market should bottom over the next couple a days.
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Now, everything is just flipped upside down 100 percent. He was wrong then, and I think he's wrong now. He should never have raised rates.
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In this case, it's a stealth bull market. You can make money buying stocks of good, understandable businesses -- good being defined as good balance sheets, good rates of growth, good management, no off-balance-sheet financing. No nonsense.
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- Author Harvey Eisen
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I hope he's right cause that's what I own.
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The market took in some unbelievably significant bad news this week and is comparatively holding in, which is certainly encouraging,
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The market is very ripe for correction by any standard,
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