To get a real turnaround you need to have a turnaround in earnings. The jobless claims number today probably keeps (Fed Chairman Alan) Greenspan on task in terms of lowering rates.
More Quotes from John Davidson:
The international news is clearly upsetting the market.John Davidson
Bush needs pretty quickly to turn this economy around. If we languish for the next two years, it'll be the last two years of Bush's presidency.
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
That minister of ministers, Imagination, gathers up - The undiscovered universe, Like jewels in a jasper cup
John Davidson
What people have to see are actions being taken. Words are part of it, and setting the tone and speaking out are part of it, ... But people need to see that the judicial branch goes after people who have done wrong and will able to punish them, and that the legislative branch makes changes in the laws, if deemed necessary.
John Davidson
Maybe the market is looking for a stronger economic team. O'Neill has not been embraced by the Street and someone with stronger ties might make them happier.
John Davidson
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Edward Everett
It is clear that every immediate object of our senses both exists and is real in the primary meaning of these terms so long as we remain aware of the object.
Charles D. Broad