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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Earnings are a mixed bag, but it seem like tech stocks are starting to turn the corner.
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Everyone thinks stocks are okay, the economy is okay, but markets have been lower since the beginning of the year. People are waiting for a reason to make a move. They want to act on an event, like the earnings that are coming out or the upcoming Federal Reserve meeting.
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Tech stocks have done better recently, so it could be some profit taking.
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The stock market rallied late last year and early January because people thought we were near the end of the rate cycle, but now they're less sure.
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The stock is down 40 percent from its high, ... It's a very good buy, and the company just dominates the industry.
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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.
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You don't want to sit here going long with stocks and have something happen over the weekend.
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Look at Philip Morris. Its stock value was depressed for a long time on litigation risks, but after all these years the value has finally come through.
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Last week we were looking for three things: for cash to flow into mutual funds, tech stocks to do better and the market to end above 1,200. We got them all, so we were anticipating a good day today.
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I'm very encouraged. We were supposed to have this lousy week, but instead we are closing near the highs, despite higher oil.
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I'm just starting to get this bad feeling again. History may not repeat itself this time.
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Earnings look OK and it looks like there's some pretty good bargains, but where's the demand going to come from?
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Everybody's holding their breath wondering what the next event is going to be. I don't think anybody expects a rally any time soon.