Taking everything into account, the market was multidirectional. It has a split personality,
More Quotes from John Davidson:
If you look out into next week, you've got the weapons report from inspectors due and the current view is that people may be reluctant to put money to work ahead of that.John Davidson
The housing numbers were certainly strong, so that should have been a positive and a few companies beat by a penny or so, but geopolitical concerns are overweighing everything else.
John Davidson
The international news is clearly upsetting the market.
John Davidson
The positive close was seen as laying a decent foundation for further moves to the upside. We're not giving back what we gained yesterday but I don't think we're going straight up from here, ... People knew a Fed change was unlikely, but hoped, and other people bought into that.
John Davidson
I still like Maverick Tube, which is the largest provider of tubular product to that industry,
John Davidson
For the last several weeks, the market has gotten ahead of the economic news. You're seeing that with the jobs report this morning. For stocks to continue to climb, you need to see the economic news start to catch up.
John Davidson
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