John Hughs
John Hughs
overdone
Just as things get overdone on the upside, they can get overdone on the downside.
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.
began call continuing correction few leaving money seeing stocks tech value weeks
What we're seeing is this kind off continuing correction in tech stocks that began a few weeks ago. The money is leaving tech and going to what we call value stocks.
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We're going to have to go in and rebuild it from the ground up because it went to seed before we got it. There are literally trees and shrubs growing up in the greens, and it's going to take a lot of work and money to get it back into shape.
environment leadership lost question replace step technology whether yesterday
We're getting a little follow-through from yesterday but we are in a transitional environment where we've lost our leadership in the commodity-based stocks, and there is still a question on whether technology will step up to replace it.
add fed hike options period rate
We're in a seasonal period that can be kind of choppy, ... Add to that yesterday's Fed rate hike and the options expirations, and you can see this kind of movement.
buying few low next technical volume
We've got low volume and not a whole lot of new buying interest. You're just not there yet from a technical standpoint. It's going to be choppy for the next few days.
begins fear feed impact maybe people rates rise rising worry
Rising rates is the excuse, ... Genuinely, there is worry about the impact of rising rates, because maybe people didn't think that they would rise so quickly, but that fear begins to feed on itself.
beatles break brilliant censorship form people playing rock roll ruin
Rock 'n' roll is a young form. People over twenty-five ruin it. This whole censorship thing has come about because old people are playing with a form that is essentially young and rebellious. Do you know how brilliant it was for The Beatles to break up when they did?
behind fears gave markets overseas president rally relieved speech war
President Bush's speech relieved some fears that war is imminent, it boosted the overseas markets and gave us a little short-covering rally at the open, but I'm not that impressed. There's nothing behind it,
basketball game players point true type understand
Our players need to understand the type of basketball we need to play all the time. We need more of a team-oriented game without a true, true point guard.
bothering drop last market negative news people price time week willing
I think over the last week or so, a lot of the negative news that has been bothering the market for some time has been priced in, ... So when you have a day like today, when you get a drop in the price of oil, some people are willing to get back in.
help lift market
I think GE and Citigroup could help lift the market if they say something positive.
base checks district line policy replaced stop water
Most of the roofs in the district were replaced with metal, so you stop much of the water infiltration. We also do biannual base line air-quality checks in our campuses. Our policy also is that we will not go back with carpets.