Robert W. "Bob" Dollwas an American professional basketball player who played in the early days of professional basketball for the St. Louis Bombers and Boston Celtics during the early years of the NBA... (wikipedia)
If they've had the moon shot, protecting it makes some sense. They've presumably gotten it through something growing quickly.
Our new Internet-specific fund is designed to complement the Merrill Lynch Global Technology Fund, which gives investors broader exposure to the technology sector.
Likewise, we expect earnings growth to continue to slow.
Usually they have it tied up 100 percent in one thing. I don't think anybody can fault them for selling 10 to 20 percent.
We believe the Fed will only stop when economic growth cools enough to dull inflationary pressures.
We're known right along that the administration was not happy with the fast vehicle ferries. I think that's a mistake. I think if we look at it from a passenger transportation point of view, that the idea of service has been put on the back burner.
The fact that we have gone three years without a correction tells me we are overdue for one. Markets don't go in one direction without interruption.
Without question, foreign stock markets are doing better than the U.S. market.
Consumers will have to curb their spending eventually, which would help to cool economic growth.
Rates are still going up here, and rates are going down abroad or are beginning to ease.
Once we move beyond that period of slower growth, we expect to enter an environment of low inflation and renewed economic expansion, which would be good news for financial assets.
They should thank their lucky stars. If all of a sudden you've made a zillion dollars, and it's all in your company, you should diversify. That zillion all of a sudden can turn into half a zillion.
The Fed appears determined to wait until it is clear that consumption growth has cooled before halting its rate-tightening campaign.
For prices to drop below the $50-per-barrel range, we would need to see a significant slowing in world growth, which we believe is unlikely at this point.