Greenspan talked very little about the current state of the economy and was really admonishing lawmakers, and he made it very clear that there will be no interest-rate cut announced after the meeting on Sept. 24. I think this may have disappointed some investors hoping for a rate cut or something more aggressive to help stocks.
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I don't know why people are so surprised by my live performances. My approach is so simple; every song I sing, every story I tell, every move I make, must move the audience to laughter, tears or inspiration. Otherwise, why should I do it?John Davidson
But ultimately, rate cuts are not going to help the crisis of confidence. This is a process that is going to take a lot of time. We need to see CEOs signing off on the earnings. We need to see people getting prosecuted.
John Davidson
Yeah, it was a good time, big boy.
John Davidson
We've had the same Fed chairman for so many years that we have a standard. He represents an unknown, to an extent.
John Davidson
I think the most significant report for the whole week is the retail sales number tomorrow. You saw the bond market react today in expectation of a strong retail sales report, and I think people will be focused on that tomorrow.
John Davidson
There's a euphoria about Afghanistan and people are expecting that we're going to have growth in the economy again. I don't think it's going to take place this quarter, but the market usually anticipates that. It (the market) may be getting ahead of itself a bit, but I think there's some positive signs out there.
John Davidson
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