The belief has been that if the economy is recovering and corporate profits are improving, equity markets will fall in line eventually,
More Quotes from 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
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
When you finish a game 0-0 and you go to a shootout, it's just no fun, whether you win or lose. It's more fun when you win, don't get me wrong.
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
When you're on the wrong side of the ledger column like that, it's just fate. It's unexplainable.
John Davidson
It's the hockey gods looking down.
John Davidson
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