51 Quotes by Vince Farrell

Most of the exploratory dollars are going to go to the great big prospects. And I think this will really impact the oil service companies' ability to continue their profit growth.

We had a little relief rally. We got through the quarterly reports and found out we were still alive.

Those are all trading around 12 times earnings and have given us very good earnings growth in a depressed pricing environment, ... And I think the pricing is improving for those companies.

The question is whether this bottom will hold or not. I suspect it will not.

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.

We had a euphoric day yesterday because the market thinks Mr. Greenspan is going to be benign today,

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.

But nobody wants to hear about gains over the next couple of years,

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