Francis Gannon Quotations

We're still dealing with very healthy numbers. You're going to see the market break out.

The profit recession is here and people are still uncertain as to when things are going to come back. There's still a lot of nervousness.

I think in this market you never know what's going to happen,

I think the productivity numbers you saw this morning lessen the fears in the marketplace about the Fed raising rates.

I think what you need to do in the technology segment between now and the end of the year is own the leaders,

I think it was a very healthy thing that we saw this week. It was a valuation correction, not a fundamental correction.

I think it was a very healthy thing that we saw this week, ... It was a valuation correction, not a fundamental correction.

I think we're going to see further consolidation in the pharmaceutical industry. I think that's going to continue into 1999.

I still think you'll have favorable growth this year and going into next.

Those are the stocks that have worked this year. There's a lot of argument right now in the marketplace about valuations; the top 50 stocks in the S&P are way overvalued. You have to stick with the horses that have gotten you to where you are on a year-to-date basis, and I believe those are the stocks that will carry us after the correction that we're in the process of having right now through the end of the year.

You have to continue to buy the stocks that are leading the market, and for the foreseeable future, that means technology.

Technology is part of the increasing productivity trend, and people want to own shares in the companies that mark this trend.

Psychology has changed dramatically since the March 10 high.

So we could finish the year at new highs. It's just going to be exciting along the way.

This is a market of extremes, and what you've seen is the extreme to the upside, especially in technology, and extremes to the downside in everything non-tech. What you have to do is to pick the better quality companies in terms of the value companies.

It was a tumultuous day and a tumultuous end to a tumultuous quarter.

It's still an expensive stock. The mid-20s would be a good entry point for buying Oracle stock.

The bad news is already priced into the stock, ... It's worth buying at these levels.

I like Boeing, which people forget is actually a defense stock, ... I think the defense industry in general is an industry that has gone through its boon, its bust, its consolidation, and there's an enormous amount of operating leverage now at the bottom line.

If you go back and recall two years ago, when everyone switched from Pentium II to Pentium II, and now we're switching from P-II to Pentium III, you saw a lot of inventories be built up - customers putting off their buying.

The major trend in the market over the last couple of weeks has been uncertainty. Uncertainty about the Fed, uncertainty about earnings, and we're seeing a continuation of that today.

The market is due for some type of correction. I'm not going to be surprised if we see one, given the geopolitical risk.