I don't expect any major changes next week. There might be a few big days, a few low days, but at the end of the day the picture will look much the same (as this week).
More Quotes from Jon Burnham:
The big unknown in this is the geopolitical situation,Jon Burnham
I think the market is in reasonably good shape until later in the year when the political stuff becomes more center stage and then we'll see what happens, ... Shorter-term, the employment number Friday was good, I think earnings will be excellent, but a lot of that may be baked into the market already.
Jon Burnham
Bob Rubin did not feel he could leave Washington while the global crisis was raging on. And the fact that he's leaving now shows us that he believes the crisis is well under control.
Jon Burnham
The Fed is our friend. They are going to reduce interest rates by as much as they need.
Jon Burnham
We've had a good run-up, so it's fine to pull back a little. The important thing is that the market is ignoring bad or lackluster news. You don't see that when something tops, just at bottoms,
Jon Burnham
Easing rates will not improve the situation but increasing liquidity will,
Jon Burnham
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