There was a lot of pessimism at the end of the year and rightly so. So yesterday was a pleasant surprise. But after that kind of day, if we're down 20 or 50 points (on the Dow) today, I'm not worried. What you want to see over the next few days and weeks is generally a continuation of that positive trend on better volume.
More Quotes from 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
Optimism remains, and the conditions supporting stock gains through the end of the year are still good. The economy continues to recover and the interest rate environment is still good, but I have to think that March could be a challenging month.
John Hughes
What we're gonna see now and probably for the next few days is what we saw yesterday, a little technical bounce from oversold conditions,
John Hughes
It's been volatile and sloppy today. I'm not pleased with the action, ... But we're not down that much, so you've got to put it in perspective. There's a lot of confusion about the confidence number and the bond market's reaction.
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
Rising rates is the excuse, ... Genuinely, there is worry about the impact of rising rates, because maybe people didn't think that they would rise so quickly, but that fear begins to feed on itself.
John Hughes
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