"The credit crunch is way over-blown, the financials are being given away they're so unbelievably cheap...the subprime problem is a problem but it's a tiny problem in the context of this economy."  August 18, 2007 FOX/INDU 13,079
"It's a buying opportunity--especially for the financials--maybe that I've never seen before in my entire life.   Subprime is tiny.   It's a tiny, tiny blip.  I think stocks will be a heck of a lot higher a year from now than they are now."  August 18, 2007 FOX/INDU 13,079
"The financials, as I keep saying, are just super bargains.   Merrill, which is an astonishingly well-known company, do you know that a couple of days ago it was trading at barely more than seven times earnings?   Financials typically trade at a low PE but this is a joke.   This stock is, they might as well be putting it in cereal boxes and giving it away, that's how cheap it is." Merrill closing price 76.04
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