John Hughs
John Hughs
economy following last months quarter slow three trend weak
We know the economy is slow and that the quarter isn't great, so these weak pre-announcements are no surprise, ... The trend of the last three months has been rally, go sideways, rally, go sideways, so we're just following that.
bad concerns drop economy iraq remain
Today's drop is a follow-through on more bad news. Also, the developments on Iraq and deflationary concerns in the economy remain in the background.
bad consider corporate economy given investors market positive profits terrible
But given all the negatives, investors should also consider the positive side. The market is discounting the bad news. We know the economy is terrible and corporate profits in trouble. With that kind of a backdrop, that's when we get a snap-back rally. Investors need to be on the look out for it.
change coming economic economy last period rose saw seeing starting stocks weeks
We're getting to the year-end period and stocks are starting to drift. You're seeing that today, ... There's still a lot of uncertainty about the economy and about the change in Bush's economic team. We're also coming off a period where the Dow rose for 8 weeks and so you're seeing a little pullback. You saw it last week and I think it's continuing.
driven economy-and-economics iraqi slowing violence weakness
The weakness could be driven by earnings, or a slowing own in the economy, or even uncertainty over the Iraqi elections. The violence is escalating and it's an overhang for the market.
economy event expectation greenspan saying
Greenspan is the least influential event this week. We know where the economy is, and there isn't much expectation of him saying anything new.
almost economy fact front instead market negative stocks
If you look at the market overall, you are in a negative place technically, ... The whole thing on the international front is kind of noise. It's a distraction from the fact that the economy is still choppy and that's why stocks aren't going anywhere. You almost want to get this whole geopolitical thing out of the way so stocks can just go down, which is where they would be without this, instead of just drifting.
concerns despite economy good growing high oil quickly though
The concerns over the slowdown are little overdone, ... The economy is still growing at a good clip, though not as quickly as expected. Things are still good despite the slowdown, despite high oil prices.
dragged energy good higher household moves player prices pride rest smaller stocks technical
(Pride Petroleum) is not a household name. A lot of energy stocks have had pretty good moves of late, ... up around 15-to-20 percent. Pride is kind of a smaller player in the area, just kind of a stock that has a good technical pattern, a good chart, and is being dragged up by the rest of the group, and with higher energy prices we think that one can do better.
celtic desire game lacking passing sadly stop
Our desire was sadly lacking at Motherwell and that was very disappointing. We need to play our passing game and stop Celtic having the ball.
economic either expected misses news reaction
So much of this economic news has been anticipated that you're not going to get much reaction either way, to better than expected news, or to something that misses estimates,
basically everybody sector selling
Techs are up, because the selling is basically done for now. The sector has been so out of favor, with everybody downgrading it, that you're getting this end-of-the-quarter bounce.
appetite asking composure game great maybe might passing played russell tired wednesday worry
Russell has a great appetite for the game ... I thought he might have been tired after Wednesday but he played superbly again. His composure is outstanding and his passing is flawless. My only worry is that sometimes maybe I'm asking too much of him.
bounce came economic key last late levels perceived plus reports seeing support week
Everything came down to key support levels late last week and so I think you're seeing a bounce off that, ... You've also got some economic reports that are being perceived favorably, plus McDonald's earnings.