I don't see Microsoft ever being considered a high-growth company again.

In the late 1990s and early 2000 nobody cared how high prices were and how high valuations got. Now, nobody cares how low they go.

In spite of clear budgetary constraints, there hasn't been any attempt to reign in defense spending.

I'm not worried about earnings, but there may be a limited upside for the market because of where valuations are.

The revenue numbers looked really impressive. There were concerns out there about how Microsoft would grow the top line.

It's the single biggest issue out there for the stock market, yet most investors have their heads in the sand. We're talking about $100 a month families won't be spending at malls, movie theaters, and restaurants.

There seems to be some real momentum building at Nissan.

A lot of the higher profile names were too expensive for us to begin with. But if you take a long-term view of China, it's a great place to be. We do own some stocks there that are still reasonably good buys.

This company has made a huge change over the years from basically a bankrupt company to a very successful one.

The valuations of newspaper stocks have become exceptionally attractive because the outlook on these companies has become particularly negative.