John Davidson
John Davidson
chairman claims greenspan keeps lowering number task terms today turnaround
To get a real turnaround you need to have a turnaround in earnings. The jobless claims number today probably keeps (Fed Chairman Alan) Greenspan on task in terms of lowering rates.
bond movement today
What was most interesting about today was the movement in the bond market.
economic encouragement finding investors released reports today
Expectations were for improvements in the economic news, but the reports today have surpassed those expectations, so you have investors finding more encouragement than they did in the reports released in mid-to-late November.
bit everybody exhaustion heard market run saw speech today
I think the market is waffling at this point, ... Yesterday, everybody heard what they wanted from Greenspan's speech and you saw a big run up. I think that today there's a little bit of exhaustion from that.
bond expectation focused market number people react report retail sales saw strong today week
I think the most significant report for the whole week is the retail sales number tomorrow. You saw the bond market react today in expectation of a strong retail sales report, and I think people will be focused on that tomorrow.
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.
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.