The market had discounted this (election) news so we had a little profit taking.
More Quotes from John Hughes:
It's a pretty good start to the year, ... You have a lot of small-cap, lower-priced stocks gaining, which is typical of January, but you also have gold, metals and a number of other sectors participating.John Hughes
I think over the last week or so, a lot of the negative news that has been bothering the market for some time has been priced in, ... So when you have a day like today, when you get a drop in the price of oil, some people are willing to get back in.
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
My heroes were Dylan, John Lennon and Picasso, because they each moved their particular medium forward, and when they got to the point where they were comfortable, they always moved on.
John Hughes
I think the market has already discounted that the actual number tends to be a bit off (versus estimates), ... As long as we get something that is near estimates, the market should be OK with it.
John Hughes
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