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COPYRIGHT 2005 Voxant Inc.
Original Source: CNBC/DOW JONES BUSINESS VIDEO ANALYST INTERVIEW
BRAD GOODE, CNBC ANCHOR: Stocks showing some sensitivity to the existing home sales report but our next guest says the Dow, Nasdaq and S&P 500 are all undervalued right now by roughly 5 percent. Let`s welcome our guest host, in from the left coast, Neil Hennessy, president and portfolio manager of Hennessy Funds, as always, with his monopoly tie on. Good to have you here, Neil.
NEIL HENNESSY, PRES. & PORTFOLIO MANAGER, HENNESSY FUNDS: Thanks Brad.
GOODE: Thanks for coming in, we appreciate it. OK. The markets may be undervalued, as you state, but the markets remain uninspired, chronic investor worries over oil, slowing growth, perhaps, restricting any momentum. When do we get this breakout if we`re undervalued by some 5 percent as you say?
HENNESSY: Well, you know, it is interesting, because yesterday existing home sales came out and they were down 2.6...
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