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.
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.
committing grow investing investment lead market next people rent retirement saving technology waiting
If you're out of the market you need to be in the market if you're saving for your long-term retirement or for other elements, ... People have been waiting on the sidelines, not committing as much new money. I don't think you should be investing next week's rent check, but your long-term investment is going to really grow in the market, and technology will lead that.
fourth positive quarter
I think the fourth quarter will be positive on earnings.
claims key level
I think that's a psychological level more than anything else, but what's key is that the jobless claims are climbing.
given people tried
He's always given of his time. He's always tried to do the right thing. Going to Italy, I think this thing may become a big story over there if people want to make it a big story. Otherwise, it shouldn't.
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.
environment materials natural people seem toward
In this environment, people seem to have gravitated toward natural resources, utilities and materials and away from technology.
belief bouncing claims few fully market morning next number pick rally reflected seeing seen start weekly
The market has now fully reflected its belief in a second-half pick up, but for the kind of rally we've seen to continue, you're going to need to start seeing evidence. The weekly jobless claims number this morning is a start, but it's not enough. We could be bouncing around in the next few weeks.
david involved process
David is very hands-on. He's as much involved in the process as we are.
positive
I think we will have a positive year.
bloody came date decidedly economic exactly fact information might planned released secret time turned weaker
The interesting thing is that they did this on a day when economic information came out that was decidedly weaker than expected. It blunted what could have been a pretty bloody response. The resignations might have been planned for some time, but the fact that they were a secret and were released on exactly this date and at this time turned out to be very effective.
economic encouragement finding investors released reports today
Expectations were for improvements in the economic news, but the reports today have surpassed those expectations, so you have investors finding more encouragement than they did in the reports released in mid-to-late November.
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.