Everything came down to key support levels late last week and so I think you're seeing a bounce off that, ... You've also got some economic reports that are being perceived favorably, plus McDonald's earnings.
More Quotes from John Hughes:
We've been in a relatively negative technology environment ever since the August rally ended. Today's drop is a follow-through on more bad news. Also, the developments on Iraq and deflationary concerns in the economic are in the background.John Hughes
Contrary to the misleading propaganda many of you have received over the past years, credible and reliable research show vouchers and tuition tax credit programs do nothing to improve public school performance overall, and in fact, often result in a decline in school and student performance.
John Hughes
They need to get back on track and focus on what they do well. They have a good, defensible position. Once they get the business back on track then they can consider some of the potential options.
John Hughes
I think it's a pretty constructive day, ... It was nice that you got some more encouraging economic news. This week was a stealthy-type rally...There really isn't any selling pressure out there, there seems to be more buying pressure.
John Hughes
If there's nervousness about the Fed tomorrow, then why is the Dow up so much. They're not expected to do anything. Depending on whether they change the language in their statement, you could see the market use it as an excuse to take profits, or an excuse to extend the rally.
John Hughes
She's a joy to read and always refreshing, on point, knowledgeable, insightful, thoughtful and most deserving of the newspaper's highest ranking honor.
John Hughes
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Based on Topics: Economics QuotesOthers have seen what is and asked why. I have seen what could be and asked why not.
Pablo Picasso
By the time you know what to do, you're too old to do it.
Ted Williams
In Shakespearean tragedy the main source of the convulsion which produces suffering and death is never good: good contributes to this convulsion only from its tragic implication with its opposite in one and the same character.
Andrew Coyle Bradley