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,
More Quotes from John Hughes:
There was not much enthusiasm out there today, ... The durable goods data was a disappointment, but on the other hand it wasn't entirely a surprise, given the weakness in some of the other economic reports we've had. Meanwhile, retail concerns also persisJohn Hughes
You're seeing a follow-through of what you've seen this week, ... On Monday, you had some profit-taking after Saddam Hussein's capture, Tuesday you saw a rally, Wednesday it consolidated and today we're up again. I would expect the week to end on an up note.
John Hughes
The news is all positive, but it was what the market had built in, ... There was nothing spectacular about the numbers. The market is still in a correction phase, and it will continue for the next four or five weeks -- at least through Labor Day.
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
The weakness could be driven by earnings, or a slowing own in the economy, or even uncertainty over the Iraqi elections. The violence is escalating and it's an overhang for the market.
John Hughes
I don't consider myself qualified to do a movie about international intrigue - I seldom leave the country.
John Hughes
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