The Federal Reserve's objective is two fold -- price stability and employment growth. All too often we think it's the Fed chairman's job to manage the stock market, when it's not.
More Quotes from John Davidson:
I still like Maverick Tube, which is the largest provider of tubular product to that industry,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
Amazon is unique in having been successful at starting as an Internet-only business,
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 market reacted pretty strongly to Friday's surprisingly weak employment report, and I think you're seeing the market in the process of digesting that now.
John Davidson
He also likes financial issues on account of PE ratios. That sector now is selling at a considerable discount in terms of PE to growth rate, ... So companies, in that sector, include Bank of New York, which reported and disappointed people, and brought the price down a little bit better.
John Davidson
Readers Who Like This Quotation Also Like:
If you think of paying court to the men in power, your eternal ruin is assured.Stendhal
All life is an experiment. The more experiments you make the better.
Ralph Waldo Emerson
The four cornerstones of character on which the structure of this nation was built are: Initiative, Imagination, Individuality and Independence.
Eddie Rickenbacker