David Briggs
David Briggs
David Briggswas an American record producer best known for his work with Neil Young and his band Crazy Horse. He is noted for his eclectic imagination and style, which contributed to the Neil Young album After the Gold Rush...
ProfessionMusic Producer
Date of Birth29 February 1944
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Stocks have basically been predicting the economic slowdown since January and we've seen that anticipated weakness in the recent numbers.
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It's been impressive. There's a lot of cash coming into the market.
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It's been happening all month where the market rallies to the top of the range and then falls off.
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At some point, high oil prices have to matter. When Joe Six Pack has to start paying $50 to fill up his tank, you have to think they will stop buying Frappuccinos and bottled water.
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Earnings are a mixed bag, but it seem like tech stocks are starting to turn the corner.
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Early next week you've got a trade deficit number and retail sales, and those reports could be volatile.
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nothing happened in this economy is going to hurt the sales.
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It was a confounding day. There's a tremendous amount of uncertainty out there and that's what you're seeing playing out.
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It just feels lousy. There's a lot of reasons not to do anything.
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It's also September, a typically bad time of year for the markets, ... and I think after two weeks up, people are saying, 'What are we doing here?' and stepping back.
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It looks like the drop in oil prices did it.
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It looks to me like the market is getting a little psyched-out with these psychological levels, particularly 2,000 on the Nasdaq. After hitting that, people have pulled back a little, but there's still plenty of money on the sidelines. It could inch back up.
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It made me nervous, but we hung in there. Our pitcher is our veteran, and she is a steady force for us. She held us in there. This was a good win for us, and I think Frazier is a good team. I will be surprised if they aren't a playoff team in their section this year.
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It's frustrating right now because everybody says that stocks look relatively cheap yet everyday the market bounces around. Everybody is looking for the next hurdle. People are waiting to see what the earnings look like, and that seems to be the key driver in the current market.