John Hughs
John Hughs
change coming economic economy last period rose saw seeing starting stocks weeks
We're getting to the year-end period and stocks are starting to drift. You're seeing that today, ... There's still a lot of uncertainty about the economy and about the change in Bush's economic team. We're also coming off a period where the Dow rose for 8 weeks and so you're seeing a little pullback. You saw it last week and I think it's continuing.
add fed hike options period rate
We're in a seasonal period that can be kind of choppy, ... Add to that yesterday's Fed rate hike and the options expirations, and you can see this kind of movement.
almost basis bit case companies earnings estimates good helpful maybe mean meet movement negative people performing period positive reported reporting reports run stocks whether
A lot of stocks have reported surprisingly good earnings this period or at least the expectations were maybe we weren't going to meet these estimates and people were concerned. But they have been performing a little bit better of late. Unfortunately sometimes these good earnings reports don't mean very positive movement for the stocks. Sometimes the stocks have run up in anticipation. So it's almost been a case by case basis whether the earnings have been helpful to these companies or if it's actually been something that's been a negative by reporting good earnings,
begins fear feed impact maybe people rates rise rising worry
Rising rates is the excuse, ... Genuinely, there is worry about the impact of rising rates, because maybe people didn't think that they would rise so quickly, but that fear begins to feed on itself.
beatles break brilliant censorship form people playing rock roll ruin
Rock 'n' roll is a young form. People over twenty-five ruin it. This whole censorship thing has come about because old people are playing with a form that is essentially young and rebellious. Do you know how brilliant it was for The Beatles to break up when they did?
continue february few momentum month rest tends weaker weeks
I think we're going to continue to see this churning for the rest of the month and then February tends to be seasonally weaker for the market, ... Longer-term, the momentum is still up, but we may need a few weeks of consolidation.
overdone
Just as things get overdone on the upside, they can get overdone on the downside.
change days decline few major past risk theme
I think consolidation is kind of the theme here. It's been there for the past few days and I think it will continue. I don't think there's a big risk for a major decline out there, but I don't think there's much out there that's going to change what's going on.
help lift market
I think GE and Citigroup could help lift the market if they say something positive.
confident executive golf group high maintain public standards
It always was a first-rate executive golf course. We're confident this group will be able to maintain those high standards with it as a public course.
buying economic nice pressure seems selling week
I think it's a pretty constructive day, ... It was nice that you got some more encouraging economic news. This week was a stealthy-type rally...There really isn't any selling pressure out there, there seems to be more buying pressure.
basis bit growth investors next point rise scenario strong worry
I think you've got a little bit of the Goldilocks scenario with the CPI, with investors concluding that growth is strong, but not so strong that we have to worry about a 50 basis point rise at the next meeting,
behavior close gains historical last market prove rally seeing today trends week
I think when you look at the rally last week, the behavior we're seeing from the market today is pretty constructive, ... We're digesting the gains from last week, and if historical trends prove right, we should close the week a little higher. Technically and objectively, the market is doing everything it can.
bothering drop last market negative news people price time week willing
I think over the last week or so, a lot of the negative news that has been bothering the market for some time has been priced in, ... So when you have a day like today, when you get a drop in the price of oil, some people are willing to get back in.