If there are lots of other signals of appending recession, take it seriously. But don't hang your hat on the yield curve.

I like the large-cap technology names. Over a three- to five-year period they are going to be real winners.

Individuals are buying stock with the idea that it will become even more overvalued. That's a sign of speculation.

I'm referred to as a fundamentalist -- a person who cares about company earnings and where the economy is going -- but the truth is I'm a closet technician. I've learned something as we've moved through the bear market: The last people to find out about a problem are research analysts and fundamentally oriented strategists.

I know we were up 4 to 5 percent in the first to 10 days of the year. But the market's now up 20 percent, just like the fourth quarter.

There have been a lot of high-profile companies taking a lot of extraordinary drops. When things go south for a company, they really go south.

I'm not betting anybody's money on the Super Bowl, including my own.

This thing that bothers me is you get into markets like this and they can go from being overvalued to extremely overvalued,

I'm not going to ignore the deterioration in a stock.

When all of the markets around the globe simultaneously go down, that's the message. That's what you have to worry about.