Jon Burnham
Jon Burnham
broken business calls general good greatest including july lows names news seen
It's not good news that we've broken through the July lows but analysts are pouncing on every stock, including the greatest names in the business such as General Electric. We've seen some unbelievably disappointing calls on some heavy-hitting names,
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In terms of stocks, GE is the biggest problem today, as is the American automobile sector, ... You've got Ford trading at $7 a share, that's practically bankruptcy level for a company that is not in danger of declaring bankruptcy. And when GE, one of the great, major companies of the world is down, it has a big impact on the psychology.
unknown
The big unknown in this is the geopolitical situation,
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Bob Rubin did not feel he could leave Washington while the global crisis was raging on. And the fact that he's leaving now shows us that he believes the crisis is well under control.
companies hurt retail
Your high-tech companies won't be hurt very much at all (by tighter credit) but your retail companies will be hurt.
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Earnings are expected to be good, and whether you see a stock reaction right away or not, we're still in an upward trend overall, powered by the earnings, the lower interest rates, the tax cuts and the improving economy.
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The market's getting to a point where it's ignoring the bad news.
acted bush concession corporate market moving news people profits reverse small worry
This kind of news makes the market feel better for the moment, but when you're in this kind of bearish trend, some small concession isn't going to reverse direction. A lot of people thought Bush should have acted sooner. Even with this moving forward, the market has other things to worry about, like the economy, corporate profits and Iraq.
change stocks strong tech
The tech stocks are pretty strong and we won't see much change in that,
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It's a very nervous market right now. It reacts violently. You have any bit of news, bad or good, and the hedge funds are all over it. That's who's controlling this market, not the individual investor.
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In a word, I would describe the market action right now as 'Yuck,' ... We're in a bear market for the time being. Things are pretty bleak and people are overreacting to every little thing, but this will pass.
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I don't think the market is going to collapse and I don't think it's going to go through the roof. If I had to guess, I'd say the market's going to go sideways over the next two weeks.
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Whether we build on the 10,000 or not, I think the market is in good shape and I expect it to keep moving higher through the end of the year.
certainly growth percent quarter seeing third
We won't see 15 percent growth like we're seeing in the third quarter (of 2005), but I think certainly low- to mid-single digits.