John Davidson
John Davidson
confidence consumer continued home reflect sales strength
I think that the home sales and consumer confidence reflect continued strength in housing.
close continued determine economic few forth full labor market next people positive struggle trying weeks whether year
I think we'll close the year in positive territory. But in the next few weeks you're going to see the market in a continued struggle back and forth with people trying to determine whether we have a full economic recovery, even with the labor market struggling.
continued economy fact greenspan growth market maybe move people raise signs until volatility
I think we have continued volatility until we really see signs of growth in the economy slowing. When we see the economy slowing, I think that people will be more comfortable with the fact that maybe Greenspan is not going to have to continue to raise rates, then I think the market can move ahead.
earnings good overall positive
I think that overall we are in for a pretty good earnings quarter, and that may be a positive for stocks.
positive
I think we will have a positive year.
economic employment forward key news statistics
I think what's going to be key going forward will be the tradeoff (in the economic news) between the statistics on employment and statistics on inflation.
good indicator likely market past seeing today week
I think what you're seeing today and over the past week is a good indicator of where the market is right now and will likely be through the end of the year.
bigger claims comments deal greenspan impact questions short
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.
bound election hesitation until
I think there's also bound to be a lot of hesitation until the election is over,
earnings grind historic job largely looking people taking until
Largely people are taking a look at historic information. They're looking at earnings and job cuts, and people are concerned. I think we're going to grind it out until earnings come back.
follow fully initial jobs numbers people positions positive report seen short suspect
I suspect people have started to recalculate their positions going into the jobs report and they don't want to be short -- they want to be fully invested. If the numbers really follow what we've seen for the initial jobless claims, it could be positive for the market.
further grow investing investment investors lead market missing next rent risk technology term
I think investors need to invest. I think the risk of being out of the market and missing the upturn is important. As we go down the road, I think we're going to get further increases. I don't think you should be investing next week's rent check. But I think your long term investment is going to really grow in the market and technology will lead that.
likely market near stay
I think in the near term, over this summer, the market is likely to stay in this range. There's a lot going on right now.
balance good lots sector stay technology tend volatile volatility
I think it's good even to stay invested. We tend to like technology. But if you like technology, you're going to have lots of volatility because that sector is much more volatile than the other sectors. If you don't like the volatility, then it's good probably to balance that with something else, some other sector.