John Hughs
John Hughs
hanging number payroll stocks talk
We're overbought, especially after yesterday, and there's talk that tomorrow's payroll number may disappoint, ... Yet stocks are hanging in.
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.
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.
good metals number start stocks typical
It's a pretty good start to the year, ... You have a lot of small-cap, lower-priced stocks gaining, which is typical of January, but you also have gold, metals and a number of other sectors participating.
almost basis bit case companies earnings estimates good helpful maybe mean meet movement negative people performing period positive reported reporting reports run stocks whether
A lot of stocks have reported surprisingly good earnings this period or at least the expectations were maybe we weren't going to meet these estimates and people were concerned. But they have been performing a little bit better of late. Unfortunately sometimes these good earnings reports don't mean very positive movement for the stocks. Sometimes the stocks have run up in anticipation. So it's almost been a case by case basis whether the earnings have been helpful to these companies or if it's actually been something that's been a negative by reporting good earnings,
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.
death delaware knots plenty red spiral sure
The only thing we can do in Delaware to keep the red knots from going into a death spiral is to make sure there are plenty of horseshoe-crab eggs.
lots wednesday york
You have a lot going on this week. But emotionally, for lots of us in New York and elsewhere, Wednesday is the big day.
fill good rally relatively rest taking yesterday
You had a pretty good day yesterday -- there was broadness in the rally and good volume, ... We're taking a day to fill in here. Things still look relatively positive, it's just consolidation or a rest after yesterday's action.
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.
bit dips follow negative pattern positive process rarely
We're in a bit of a downtrend right now. There's a bit of a negative pattern technically and fundamentally. But we rarely follow through on these dips downward, ... This is a constructive process we're going through as we're working things out. It's a positive thing.
disaster discourage people send sure untrained
We're sure not going to discourage people from helping. But we can't just send untrained people into a disaster zone.
acting bit good internet push quick seeing seen start technology warning
We like technology still because it is one of the better acting groups, ... We've seen a good push with the Internet stocks, but we're seeing with a bit of a warning that you have to be quick here if things start to deteriorate, to get out.