Bush's speech and the implications of what he proposed last night gives the market confidence that despite negative economic data like the consumer sentiment numbers this morning the economy is going to be okay.
More Quotes from John Waterman:
We're still optimistic that there will be a year-end rally. The core number was pretty tame.John Waterman
Anything labor related will matter.
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Value managers were selling it and a lot of growth managers already owned it, even though it wasn't labeled a growth stock.
John Waterman
It's amazing. One lady came in and saw her daughter's classroom up there and bought everything on the list.
John Waterman
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