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.
More Quotes from John Hughes:
Advertising was fairly simple work, and I really just wanted a job where I could sit and write every day and not get fired for it like I had at other jobs, but it was fun.John Hughes
A lot of stocks have reported surprisingly good earnings this period or at least the expectations were maybe we weren't going to meet these estimates and people were concerned. But they have been performing a little bit better of late. Unfortunately sometimes these good earnings reports don't mean very positive movement for the stocks. Sometimes the stocks have run up in anticipation. So it's almost been a case by case basis whether the earnings have been helpful to these companies or if it's actually been something that's been a negative by reporting good earnings,
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
He had an outstanding season, ... and what annoys me is that at times I really don't think people appreciate exactly what they're watching. He's a genius, an absolute genius.
John Hughes
It's like being at the kids' table at Thanksgiving - you can put your elbows on it, you don't have to talk politics... no matter how old I get, there's always a part of me that's sitting there.
John Hughes
My advice would be to be careful, to tread slowly here. A lot of what is rallying is the beaten-down tech stocks.
John Hughes
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There's hostility to lying, and there should be.
Bob Woodward
Burn down your cities and leave our farms, and your cities will spring up again as if by magic; but destroy our farms and the grass will grow in the streets of every city in the country.
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