And while you are waiting, you get a 3 percent yield and one of the strongest balance sheets in corporate America.
Tradition drives these international markets very, very hard. The concept is interesting, but inevitably, they will find it as difficult, if not more difficult than Europe.
We're facing the realization that rising (interest) rates and rising stock prices are incompatible. The higher rates are really starting to make themselves felt.
We've seen a noticeable pickup in concern over the last two months.
Good earning growth. Next year, their earnings will be about $1.90 (per share). That's just 10 times this year's current stock price.
The question today is more opportunistic. The question is exactly where can I be a buyer of America Online ( AOL ) or some of these other stocks that have been weakened?
The reality is setting in on the AOL/Time Warner deal.
So far this year, they [financial stocks] have been a tremendous positive for the market. The last two months though, they have been negative.
The Nasdaq is increasingly driven by a lot of day-to-day momentum players. Technically, (the Nasdaq) was oversold and they came rushing in. I think it's more of a bounce from yesterday's sharp sell-off.
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