Jon Burnham
Jon Burnham
anytime bad everybody expects facts knew knows news nobody quarter
They already pre-announced the bad quarter and nobody knows when this is going to end. The facts are everybody knew Cisco's quarter was going to be bad and no one expects it to get better anytime soon, so the news on Cisco was no news.
acted bush concession corporate market moving news people profits reverse small worry
This kind of news makes the market feel better for the moment, but when you're in this kind of bearish trend, some small concession isn't going to reverse direction. A lot of people thought Bush should have acted sooner. Even with this moving forward, the market has other things to worry about, like the economy, corporate profits and Iraq.
darkest saying
There's a saying that it's always darkest before dawn,
broken business calls general good greatest including july lows names news seen
It's not good news that we've broken through the July lows but analysts are pouncing on every stock, including the greatest names in the business such as General Electric. We've seen some unbelievably disappointing calls on some heavy-hitting names,
areas explain involved understand
I try not to get involved in any areas that I don't understand or that I can't explain to myself what is going on,
bad bit funds individual market nervous
It's a very nervous market right now. It reacts violently. You have any bit of news, bad or good, and the hedge funds are all over it. That's who's controlling this market, not the individual investor.
coming news
The news that's been coming out has been awful.
change continue happens incredible stocks until
This is an incredible thing that's going on in these stocks and it's going to continue for a while until something happens to change it,
expect month
I'd expect to see another month or two of this consolidation,
collapse market next sideways
I don't think the market is going to collapse and I don't think it's going to go through the roof. If I had to guess, I'd say the market's going to go sideways over the next two weeks.
companies hurt retail
Your high-tech companies won't be hurt very much at all (by tighter credit) but your retail companies will be hurt.
earnings economy faster higher improving market people rally
You're not going to see a big rally through the end of the year, but I think the market will go higher than where it is now. I'm optimistic. I think the economy is improving even faster than people realize, and the fourth-quarter earnings are going to be really good.
business days improve later market overall telling
You're going to see some down days here and there, but what the market is telling you overall is that business is going to improve later in the year, ... The market's not always right, but often it is. I think it is now.
beyond market trying
The market is trying to look beyond the crevasse.