John Davidson Claims Quotations

To get a real turnaround you need to have a turnaround in earnings. The jobless claims number today probably keeps (Fed Chairman Alan) Greenspan on task in terms of lowering rates.

I think Bush's comments are having an impact as there are a lot of questions about how and when and who should deal with Iraq. But in the short term, the jobless claims and the comments from Greenspan have a bigger impact.

I think that's a psychological level more than anything else, but what's key is that the jobless claims are climbing.

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.