Jon Burnham
Jon Burnham
anytime bad everybody expects facts knew knows news nobody quarter
They already pre-announced the bad quarter and nobody knows when this is going to end. The facts are everybody knew Cisco's quarter was going to be bad and no one expects it to get better anytime soon, so the news on Cisco was no news.
expect month
I'd expect to see another month or two of this consolidation,
cuts earnings expected improving interest lower reaction stock tax trend whether
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.
changes expect few low major might next picture
I don't expect any major changes next week. There might be a few big days, a few low days, but at the end of the day the picture will look much the same (as this week).
easing improve increasing rates situation
Easing rates will not improve the situation but increasing liquidity will,
market mean midst selling strong today
I think the market is in the midst of a pretty strong rally, and any selling today doesn't mean much. We're in an uptrend.
economy economy-and-economics good investors market react seeing shape
I think the market is in pretty good shape right now. The economy is improving, and you're seeing investors react to that.
company earnings growing
Cisco is a real company with real earnings and growing revenues,
billions company earning estimates expensive four great ibm internet next others plays research three
IBM Â ( IBM : Research , Estimates ) is another company which I think is one of great Internet plays in the next three or four years, and one of the differences between IBM and others is they're earning billions of dollars. So I think IBM can be bought. I don't think it's expensive here.
bouncing gloom good guess market narrow news range searching thick
I think the market is searching for any good news it can find but the gloom is so thick out there. The market's in a narrow range but my guess is we are bouncing around the bottom.
coming news
The news that's been coming out has been awful.
economy enron features given question wins
You've got the economy and the Enron situation, these two opposing features and it's just a question of who wins out on any given day,
sector tech
I still like the tech sector very much,
bet difficult october
October can be a difficult month, so I don't want to bet on October, ... But I don't think it will be terrible.