Jon Burnham
Jon Burnham
expect month
I'd expect to see another month or two of this consolidation,
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.
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.
action dominated hanging happen hour impossible individual investors iraq market people stopped trade
People have been stopped in their tracks. It's impossible to trade the market right now because there's no way to know what's going to happen in Iraq hour to hour, day to day, so I think most individual investors are hanging back and any action is dominated by hedge funds.
build expect good higher market moving shape whether
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.