Kevin Caron Quotes
If you've got significant profits in a stock like Cisco, it does make some common sense to move money out of there into groups such as pharmaceuticals as a short-term trade. This is more of a rotation rather than anything else... Until the Fed registers its vote at the end of August, I think you just see more of the same - a lot of churning and going nowhere fast. 
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Significant | Profits | Stock | Cisco | Common |
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A P/E is meaningless by itself. A P/E has to look at the price you're paying for earnings but you have to compare it relative to something... Companies with low P/E's also tend to be the companies that have the lowest prospects for growth.
- Kevin Caron
