Jon Burnham
Jon Burnham
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,
bad fine good ignoring market pull
We've had a good run-up, so it's fine to pull back a little. The important thing is that the market is ignoring bad or lackluster news. You don't see that when something tops, just at bottoms,
build expect good higher market moving shape whether
Whether we build on the 10,000 or not, I think the market is in good shape and I expect it to keep moving higher through the end of the year.
bouncing gloom good guess market narrow news range searching thick
I think the market is searching for any good news it can find but the gloom is so thick out there. The market's in a narrow range but my guess is we are bouncing around the bottom.
economy economy-and-economics good investors market react seeing shape
I think the market is in pretty good shape right now. The economy is improving, and you're seeing investors react to that.
early economy economy-and-economics employment good holding next numbers rally short surprised
The economy is holding up. We had good employment numbers this morning. In the short term, I wouldn't be surprised to see a rally early next week.
action bear bleak describe market people time
In a word, I would describe the market action right now as 'Yuck,' ... We're in a bear market for the time being. Things are pretty bleak and people are overreacting to every little thing, but this will pass.
unknown
The big unknown in this is the geopolitical situation,
lift market markets move strong trading weaker
If not for the strong earnings, I think the market would be a lot weaker than it is. But that's not enough to lift the market out of a trading range. There's just too much uncertainty for markets to move higher.
fed interest rates reduce
The Fed is our friend. They are going to reduce interest rates by as much as they need.
cuts earnings expected improving interest lower reaction stock tax trend whether
Earnings are expected to be good, and whether you see a stock reaction right away or not, we're still in an upward trend overall, powered by the earnings, the lower interest rates, the tax cuts and the improving economy.
believes bob crisis fact global leave leaving raging shows washington
Bob Rubin did not feel he could leave Washington while the global crisis was raging on. And the fact that he's leaving now shows us that he believes the crisis is well under control.
america bank central corporate easing economy improve increasing investor money needs problems rates situation undermine
Easing rates will not improve the situation but increasing liquidity will. The central bank needs to get money into the system. I think the economy has problems but it's not going into a depression. It's corporate America that's doing everything to undermine investor confidence. Corporate malfeasance is horrendous.
america bank central corporate easing economy improve increasing investor money needs problems rates situation undermine
Easing rates will not improve the situation but increasing liquidity will, ... The central bank needs to get money into the system. I think the economy has problems but it's not going into a depression. It's corporate America that's doing everything to undermine investor confidence. Corporate malfeasance is horrendous.