John Davidson
John Davidson
although clear definitely last leadership likely numbers past picture signs technology turns
The PPI numbers look pretty good. I think the important thing to look at is when this thing turns around, and I don't know that we yet have a clear picture that we definitely are in a slowdown mode, although there are some signs that we have slowed down, which sectors are likely to do well. And I think the important thing, if you look past the last two weeks, is that there is really a resurgence of the leadership of technology and biotechnology.
along brought changed develop happen people period picked short single time
When you're picked 30th and you've done this, there's something special. No question, everything's changed here, that was the biggest, single thing that had to happen in a short period of time. I thought it would take some time because you had to develop from within. They're doing that along with the people they brought in.
although concerns continues downside economy gains job limiting limits market saw upside
What's limiting us on the upside is the double-digit gains we saw in 2003. What limits us to the downside is that the economy continues to strengthen, although concerns about the job market persist.
allowed drift drive earnings lack stocks week worried
This week they're worried more about the earnings warnings. The lack of the upward drive has allowed the stocks to drift lower.
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When I went to Broadway in the mid-sixties, everybody was trying to emulate Al Pacino and Robert De Niro and here I was kind of the wholesome 'All-American Boy' from the mid-west with the big toothy smile; so I kind of stood out - a rare kind of a thing for that kind of venue.
close continued determine economic few forth full labor market next people positive struggle trying weeks whether year
I think we'll close the year in positive territory. But in the next few weeks you're going to see the market in a continued struggle back and forth with people trying to determine whether we have a full economic recovery, even with the labor market struggling.
continued economy fact greenspan growth market maybe move people raise signs until volatility
I think we have continued volatility until we really see signs of growth in the economy slowing. When we see the economy slowing, I think that people will be more comfortable with the fact that maybe Greenspan is not going to have to continue to raise rates, then I think the market can move ahead.
earnings good overall positive
I think that overall we are in for a pretty good earnings quarter, and that may be a positive for stocks.
positive
I think we will have a positive year.
economic employment forward key news statistics
I think what's going to be key going forward will be the tradeoff (in the economic news) between the statistics on employment and statistics on inflation.
bound election hesitation until
I think there's also bound to be a lot of hesitation until the election is over,
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Largely people are taking a look at historic information. They're looking at earnings and job cuts, and people are concerned. I think we're going to grind it out until earnings come back.
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Our special favorite, however, is IKOS, ... because it is coming out with a drug that will be similar to Viagra.
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I think I'm probably in the minority that thinks that Greenspan may raise rates on Tuesday. I think the real case is a fact that the labor market is really tight and commodity prices have really increased.