I think most market participants expect further increase. This is not going to be necessarily the end. I think they were hoping for a neutral stance coming out of it. But I think they having thought about it said, well, the Fed really is on top of this, the Fed is on top of inflation and there's a concern about slowing down the economy. And I think that helped it the market come back.
More Quotes from John Davidson:
The Pittsburgh Penguins have so many veterans this team isn't just looking to Sidney Crosby to turn them around and make them a great team. I hope that Sidney improves. Let nature take its course as he becomes a star or a superstar. This kid is something special. He is a very, very special athlete and person. For some of us who have been around the league a long time, when someone like this comes around, we all count our blessings and hope he makes it because he is something special.John Davidson
Earnings have been strong and will continue to be strong, but there's a worry that rising rates will mean the multiple on the earnings will be less.
John Davidson
It won't be a single organization in future. But the members will continue to campaign. They can use the Make Poverty History slogan and its trademark white wristbands.
John Davidson
Expectations were for improvements in the economic news, but the reports today have surpassed those expectations, so you have investors finding more encouragement than they did in the reports released in mid-to-late November.
John Davidson
I've talked about Key Energy Group for a while, and Capstone is one of the companies that's building these micro turbines that I think actually just reported last week and had a more negative number than expected because they've ramped up some of their production, As a result, that hit their expense line, ... But I think that's a good idea going forward.
John Davidson
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I try to become more humble and more myself with every year. There was a while when I got famous where I was so confused and my head was spinning.
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