Even just a month ago, prior to the release of the March payrolls number, there were some investors betting that rates wouldn't rise until early next year. Now, after two months of higher payrolls, it seems likely rates are set to rise, and so there's a certain throwing in of the towel for some investors.
More Quotes from John Davidson:
We agree that technology is probably the greatest area of growth both in biotechnology and information technology, but I think people need to balance that to dampen the volatility, and one of the areas to look at is in the natural resources area.John Davidson
For me it was sitting in the bedroom and hearing my parents try to deal with issues. You try to hide from it. You get into dark rooms and things like that.
John Davidson
The Federal Reserve's objective is two fold -- price stability and employment growth. All too often we think it's the Fed chairman's job to manage the stock market, when it's not.
John Davidson
We had a pretty strong run up in anticipation of the earnings season. But because of that run, if any company reports declining results or results that are less than what was expected, you're going to see a strong reaction.
John Davidson
There's a period of unrest here that goes back two weeks. It started with the weak monthly payrolls report, then was followed by the bombings in Madrid and the election of a new government in Spain that is not seen as friendly to the Bush Administration, and now what's happening in the Middle East.
John Davidson
Often people don't really have an awareness of these really successful Scots. One of the ideas behind the award show was to throw a bit of a focus on Scots who have had stellar careers.
John Davidson
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