Vincent Farrell Quotations

So I think when they report today, you want to take a look into the numbers and see what the ad revenues were for last quarter and, indeed, as this year progresses.

I think the basic fundamental underpinnings are very sound. The banking system's sound, there's no near-term crisis to be had. It doesn't mean the stock market's not overextended - which I believe it is and is due for some sort of setback. But I don't think it's 1987 all over again.

The reason they were pushed up was there was going to be a bunch of mergers. Now, maybe there won't be a bunch of mergers.

It seems that the market wants to continue to rally for a while, so perhaps it's going to test those old highs, but I do think that the market is overvalued and caution is warranted here.

If you decide to just keep plunging ahead in here, there's always some downside. And I don't know that we're really expecting any downside. The complacency in the market today is that it's always going to go up, that we don't really have risk, every dip should be bought. I don't think that's a healthy situation because there are ups and downs.

If you're kind of that mid-sized firm, what do you do? It looks like you're kind of forced into a combination.

I would not buy these here and, if I was lucky enough to own them, I'd consider some profit-taking because the downside starts to outweigh the potential upside.

This market is acting just like late stage bull markets have always acted in the past. What we have here are stocks that represent growth, not value. We have fewer stocks advancing and fewer groups, although it's broadening a little bit.

I think, on balance, earnings are up between 13 and 14 percent on revenue growth of about 8 percent. That's nice, very healthy, but not something to start a brand new leg of the bull market on.

I think technology stocks are in for a correction, but it's a perfectly normal correction. This is a seasonably weak period of time.