I think what you're seeing today and over the past week is a good indicator of where the market is right now and will likely be through the end of the year.
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
The market seems to be going along in reaction to the war and that's what gives us this volatility. At first, the response was, 'Well, at least we've finally started,' then it moved to 'it seems to be going well,' but then we encountered bumps on the road to Baghdad and you're seeing that reflected in the stock action now.
John Davidson
If stocks keep deteriorating and the Fed were to cut rates in a coordinated response with the Bank of England, you could see some short-term positive response,
John Davidson
The crucial question is What does the consumer do now The answer will take some time to determine.
John Davidson
I think we have continued volatility until we really see signs of growth in the economy slowing. When we see the economy slowing, I think that people will be more comfortable with the fact that maybe Greenspan is not going to have to continue to raise rates, then I think the market can move ahead.
John Davidson
For anybody out there that thinks Wayne Gretzky gambled, or was a part of that, is absolutely wrong. Wayne should go to the Olympics because he's done nothing wrong, at least that's my opinion.
John Davidson
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