GAMCO CEO Mario Gabelli told FOX Business Network’s Neil Cavuto that today was “the same thing as” 1987.
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WL Ross & Co Chairman and CEO Wilbur Ross tells FOX Business Network’s Neil Cavuto that today’s moves were just a blip on the radar screen and that it “shows how nervous people are in general”
Watch the latest business video atvideo.foxbusiness.com
FOX BUSINESS NETWORK sent us these excerpts
Gabelli on the market mayhem:
“It underscores the notion that we, as value investors call miss to market. Somebody decided to reposition the portfolios, started selling their ETFs and as you heard out in Buffett land, derivatives are good…but a negative on balance is derivatives and they have to be controlled. “
Gabelli on 1987:
“The markets were coming in because of a litany of worries…today as the same thing [as 1987].”
Gabelli on his portfolio:
“From my point of view, I’m looking at businesses and if the values of the businesses don’t change as much as the last tick on the trade.”
Wilbur Ross on the market mayhem:
“I think it shows how nervous people are in general. People are nervous about the economy. They are very nervous about what’s going on in Europe.”
Wilbur Ross on how this is just a “blip on the radar screen”
“This will turn out to be a blip on the radar screen, this in the market today…The economy is on a gradual, ever so slight uptick, and as long as the administration doesn’t change the rules of the game for everything ever 24 hours, I think we have a good shot getting into a recovery.”
Wilbur Ross on where the opportunities are:
“I think they are all over the place. We bought another bank over this last weekend…I don’t think the world is coming to an end.”
WL Ross & Co Chairman and CEO Wilbur Ross tells FOX Business Network’s Neil Cavuto that today’s moves were just a blip on the radar screen and that it “shows how nervous people are in general”
FOX BUSINESS NETWORK sent us these excerpts
Gabelli on the market mayhem:
“It underscores the notion that we, as value investors call miss to market. Somebody decided to reposition the portfolios, started selling their ETFs and as you heard out in Buffett land, derivatives are good…but a negative on balance is derivatives and they have to be controlled. “
Gabelli on 1987:
“The markets were coming in because of a litany of worries…today as the same thing [as 1987].”
Gabelli on his portfolio:
“From my point of view, I’m looking at businesses and if the values of the businesses don’t change as much as the last tick on the trade.”
Wilbur Ross on the market mayhem:
“I think it shows how nervous people are in general. People are nervous about the economy. They are very nervous about what’s going on in Europe.”
Wilbur Ross on how this is just a “blip on the radar screen”
“This will turn out to be a blip on the radar screen, this in the market today…The economy is on a gradual, ever so slight uptick, and as long as the administration doesn’t change the rules of the game for everything ever 24 hours, I think we have a good shot getting into a recovery.”
Wilbur Ross on where the opportunities are:
“I think they are all over the place. We bought another bank over this last weekend…I don’t think the world is coming to an end.”
