David Briggs

David Briggs
David Briggswas an American record producer best known for his work with Neil Young and his band Crazy Horse. He is noted for his eclectic imagination and style, which contributed to the Neil Young album After the Gold Rush...
ProfessionMusic Producer
Date of Birth29 February 1944
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We're heading into the typically slower summer months, and it's slow already. It's hard to imagine a sustained rally taking hold.
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The corporate news has stopped deteriorating and it some cases is just flat.
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The market is still susceptible to bad news. You can see that in today's trade. Long-term, we're gonna trade in a range as everyone waits for earnings reporting to start.
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The market has been holding up, despite how bad the news is.
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It's normal, it's healthy. The market is going to need to get a little more economic news under its belt before it can move higher.
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Greenspan sparked a reaction. I guess people like to be verbally reassured that we can get through the oil prices.
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It looks to me like the market is getting a little psyched-out with these psychological levels, particularly 2,000 on the Nasdaq. After hitting that, people have pulled back a little, but there's still plenty of money on the sidelines. It could inch back up.
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I'm actually encouraged the market isn't down more than it is. We've been seeing a lot of rotation, but we also saw some money being put to work last week.
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It's not surprising that the buyers are timid.
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At some point, high oil prices have to matter. When Joe Six Pack has to start paying $50 to fill up his tank, you have to think they will stop buying Frappuccinos and bottled water.
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It's a reminder of the old angst (of international conflict), despite a good jobless report, ... People seem to be ignoring the economic numbers right now.
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I think the market is getting ready for a little trading buy,
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The employment report is next week's highlight for stocks.
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Look at Philip Morris. Its stock value was depressed for a long time on litigation risks, but after all these years the value has finally come through.