John Davidson
John Davidson
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.
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.
companies earnings good maybe negative percent positive range stock straight strong summer tone trading
I think we're in a good earnings season. So far, of the S&P 500, 139 companies have reported. Over 60 percent have been upward surprises, only 8 percent of them have really been negative surprises. So we're in a strong earnings season. That's good for the stock market, ... I think the market's in a trading range right now. I don't think it's going straight up from here. I don't think necessarily we're going to get a big summer rally, but maybe a positive tone to the market.
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.
continue earnings mean multiple rates rising strong worry
Earnings have been strong and will continue to be strong, but there's a worry that rising rates will mean the multiple on the earnings will be less.
limbo overall remains sort trend
I think the overall trend remains positive, but we are sort of in limbo right now.
earlier earnings economic generally hope market positive respect tone
I think the HP earnings had the market set off earlier this morning. I think the market generally has a positive tone in respect to the economic indicators and the hope for the future.
earlier earnings economic generally hope market positive respect tone
I think the HP earnings had the market set off earlier this morning, ... I think the market generally has a positive tone in respect to the economic indicators and the hope for the future.
number
I think the big number will be Friday,
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.
follow fully initial jobs numbers people positions positive report seen short suspect
I suspect people have started to recalculate their positions going into the jobs report and they don't want to be short -- they want to be fully invested. If the numbers really follow what we've seen for the initial jobless claims, it could be positive for the market.
commerce continue forward internet security
It is a certificate company. They really give you part of the security for the Internet and the certification is really an important part in the security. I think as you go forward and do more commerce on the Internet they'll continue to be very strong.
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.
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.