John Davidson
John Davidson
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.
case commodity fact greenspan labor market minority prices raise rates thinks tight
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.
further grow investing investment investors lead market missing next rent risk technology term
I think investors need to invest. I think the risk of being out of the market and missing the upturn is important. As we go down the road, I think we're going to get further increases. I don't think you should be investing next week's rent check. But I think your long term investment is going to really grow in the market and technology will lead that.
likely market near stay
I think in the near term, over this summer, the market is likely to stay in this range. There's a lot going on right now.
economic guess market moving people release short tomorrow
Tomorrow is probably one of the more important economic release days. My guess is that as the market started moving up today, people do not want to be short going into those numbers.
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.
economic embraced looking market maybe might street stronger ties
Maybe the market is looking for a stronger economic team. O'Neill has not been embraced by the Street and someone with stronger ties might make them happier.
earnings expecting growth market markets news reacting
There's a lot of earnings and other news out there today, but I think the market is particularly reacting to Greenspan's testimony, ... The markets are expecting a little more growth because of his comments, but that may not be as much as what they wanted to hear.
ahead catch continue economic gotten jobs last market news report seeing several start stocks
For the last several weeks, the market has gotten ahead of the economic news. You're seeing that with the jobs report this morning. For stocks to continue to climb, you need to see the economic news start to catch up.
belief corporate economy equity fall line markets profits recovering
The belief has been that if the economy is recovering and corporate profits are improving, equity markets will fall in line eventually,
market split taking
Taking everything into account, the market was multidirectional. It has a split personality,
corporate earnings expecting leads market maybe rebound six
The market typically leads earnings rebound by about six months. Maybe market participants are expecting a fourth-quarter rebound in corporate earnings.
employment market process seeing strongly weak
The market reacted pretty strongly to Friday's surprisingly weak employment report, and I think you're seeing the market in the process of digesting that now.