The buying is broad-based, and the movement in some of these stocks is significant, particularly for technology, ... I think we're making some good progress today. It could mean a change in tone.
More Quotes from John Hughes:
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.John Hughes
We need to make it more difficult for the thieves to steal property and by taking some basic crime prevention tips such as closing windows you are less likely to be a victim.
John Hughes
We've had a good week, but on a short-term basis, we're overbought and we're waiting on a lot of big earnings, and that's what the market is struggling against,
John Hughes
The market had discounted this (election) news so we had a little profit taking.
John Hughes
We know the economy is slow and that the quarter isn't great, so these weak pre-announcements are no surprise, ... The trend of the last three months has been rally, go sideways, rally, go sideways, so we're just following that.
John Hughes
I think the action we're seeing is constructive. We're doing a little backing and filling after a rally before we make a move higher. You're also hitting against some key technical levels here, ... There's not a huge rally building now, but we've seen a little pattern in the past few weeks of rally, scale back, and then continue, and we may see that again.
John Hughes
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