John Davidson
John Davidson
although concerns continues downside economy gains job limiting limits market saw upside
What's limiting us on the upside is the double-digit gains we saw in 2003. What limits us to the downside is that the economy continues to strengthen, although concerns about the job market persist.
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.
employment federal fold job manage objective price stability stock
The Federal Reserve's objective is two fold -- price stability and employment growth. All too often we think it's the Fed chairman's job to manage the stock market, when it's not.
ahead catch continue economic gotten jobs last market news report seeing several start stocks
For the last several weeks, the market has gotten ahead of the economic news. You're seeing that with the jobs report this morning. For stocks to continue to climb, you need to see the economic news start to catch up.
building companies energy expected expense good group hit key last negative number reported talked week
I've talked about Key Energy Group for a while, and Capstone is one of the companies that's building these micro turbines that I think actually just reported last week and had a more negative number than expected because they've ramped up some of their production, As a result, that hit their expense line, ... But I think that's a good idea going forward.
bit earnings energy mean season starting
Energy's off a little bit today, but it doesn't mean that energy is going back down. We're starting into an earnings season and earnings will start to have an effect.
continue earnings mean multiple rates rising strong worry
Earnings have been strong and will continue to be strong, but there's a worry that rising rates will mean the multiple on the earnings will be less.
hearing offered players point starting
Salaries are going to come down. I'm hearing the players have already offered a 5 percent give-back, so that's the starting point for negotiations.
betting certain early higher investors likely march month months next prior rates release rise seems throwing towel until
Even just a month ago, prior to the release of the March payrolls number, there were some investors betting that rates wouldn't rise until early next year. Now, after two months of higher payrolls, it seems likely rates are set to rise, and so there's a certain throwing in of the towel for some investors.
ahead bring chance effort extra few forget gretzky heck players table team thinks win
Don't forget about the Gretzky factor, ... Don't underestimate him. He may take this team and give them a heck of a chance to get in. He'll bring something to the table that will make players give that extra effort that may win them a few games. He thinks way ahead of most people.
might next week
CPI and PPI next week could be a little light, so that might get some attention,
both series
You look at every series on both sides, this is great. I don't see a series that's going to be four-and-out.
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