Largely people are taking a look at historic information. They're looking at earnings and job cuts, and people are concerned. I think we're going to grind it out until earnings come back.
More Quotes from John Davidson:
Some companies have beat, ... but earnings estimates have been lowered and comparisons are easy on a year-over-year basis, because last year was weak.John Davidson
The choice is between getting in now and risking near-term volatility or getting in later and missing a good portion of the market recovery,
John Davidson
Market participants had hoped, possibly unjustifiably, that the Fed's bias would change to neutral. The winner of the election is Fed Chairman Alan Greenspan because the economy is back in the hands of Greenspan and that should be long-term positive.
John Davidson
Where does the bond guy put his money now ... Stocks can absorb inflation more readily than bonds, because you can come through with better pricing power and stronger earnings.
John Davidson
P.G. is fermented and held exclusively in stainless steel to maximize the brightness and freshness. It's a six-month wine from start to finish.
John Davidson
The PPI numbers look pretty good. I think the important thing to look at is when this thing turns around, and I don't know that we yet have a clear picture that we definitely are in a slowdown mode, although there are some signs that we have slowed down, which sectors are likely to do well. And I think the important thing, if you look past the last two weeks, is that there is really a resurgence of the leadership of technology and biotechnology.
John Davidson
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