Jon Burnham
Jon Burnham
sector tech
I still like the tech sector very much,
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.
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What's really worrisome is what Mr. Spitzer is going to do next, ... I don't know what wrongdoing AIG might have done. I would be very inclined to buy more of AIG but I don't know what Spitzer has up his sleeve.
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I think that individuals should buy companies where they see 15-to-20 percent growth coming back down the road. Obviously it's not going to happen this quarter, or next quarter even to most of the very best companies because we're in an unprecedented period right now,
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People have been stopped in their tracks. It's impossible to trade the market right now because there's no way to know what's going to happen in Iraq hour to hour, day to day, so I think most individual investors are hanging back and any action is dominated by hedge funds.
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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.
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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,
unknown
The big unknown in this is the geopolitical situation,
fed interest rates reduce
The Fed is our friend. They are going to reduce interest rates by as much as they need.
coming news
The news that's been coming out has been awful.
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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,
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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.
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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.