John Hughes Quotes on Media & News (6 Quotes)

So much of this economic news has been anticipated that you're not going to get much reaction either way, to better than expected news, or to something that misses estimates,

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.

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.

The Home Depot thing is really not new news, ... Is it surprising that a retailer had a bad holiday season Not really. The market is actually doing OK today.

But given all the negatives, investors should also consider the positive side. The market is discounting the bad news. We know the economy is terrible and corporate profits in trouble. With that kind of a backdrop, that's when we get a snap-back rally. Investors need to be on the look out for it.

We've been in a relatively negative technology environment ever since the August rally ended. Today's drop is a follow-through on more bad news. Also, the developments on Iraq and deflationary concerns in the economic are in the background.