Jon Burnham Quotes (29 Quotes)

You're going to see some down days here and there, but what the market is telling you overall is that business is going to improve later in the year, ... The market's not always right, but often it is. I think it is now.

IBM ( IBM Research , Estimates ) is another company which I think is one of great Internet plays in the next three or four years, and one of the differences between IBM and others is they're earning billions of dollars. So I think IBM can be bought. I don't think it's expensive here.

Your high-tech companies won't be hurt very much at all (by tighter credit) but your retail companies will be hurt.

It's not good news that we've broken through the July lows but analysts are pouncing on every stock, including the greatest names in the business such as General Electric. We've seen some unbelievably disappointing calls on some heavy-hitting names,

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.

It's a very nervous market right now. It reacts violently. You have any bit of news, bad or good, and the hedge funds are all over it. That's who's controlling this market, not the individual investor.

They already pre-announced the bad quarter and nobody knows when this is going to end. The facts are everybody knew Cisco's quarter was going to be bad and no one expects it to get better anytime soon, so the news on Cisco was no news.

I think that individuals should buy companies where they see 15-to-20 percent growth coming back down the road. Obviously it's not going to happen this quarter, or next quarter even to most of the very best companies because we're in an unprecedented period right now,

If I sold Dell every time people said to sell it, I wouldn't have made any money in the stock,

The question about Dell is whether this is a commodity business. But this is a company with little debt, tremendous cash flows and a great reputation.

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).

I try not to get involved in any areas that I don't understand or that I can't explain to myself what is going on,

Cisco is a real company with real earnings and growing revenues,

The economy is holding up. We had good employment numbers this morning. In the short term, I wouldn't be surprised to see a rally early next week.

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.

In terms of stocks, GE is the biggest problem today, as is the American automobile sector. You've got Ford trading at 7 a share, that's practically bankruptcy level for a company that is not in danger of declaring bankruptcy. And when GE, one of the great, major companies of the world is down, it has a big impact on the psychology.

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,

In a word, I would describe the market action right now as 'Yuck,' ... We're in a bear market for the time being. Things are pretty bleak and people are overreacting to every little thing, but this will pass.

The big unknown in this is the geopolitical situation,

The news that's been coming out has been awful.

Easing rates will not improve the situation but increasing liquidity will,

The central bank needs to get money into the system. I think the economy has problems but it's not going into a depression. It's corporate America that's doing everything to undermine investor confidence. Corporate malfeasance is horrendous.

This kind of news makes the market feel better for the moment, but when you're in this kind of bearish trend, some small concession isn't going to reverse direction. A lot of people thought Bush should have acted sooner. Even with this moving forward, the market has other things to worry about, like the economy, corporate profits and Iraq.

We won't see 15 percent growth like we're seeing in the third quarter (of 2005), but I think certainly low- to mid-single digits.

The market's getting to a point where it's ignoring the bad news.

The Fed is our friend. They are going to reduce interest rates by as much as they need.

I think the market is in the midst of a pretty strong rally, and any selling today doesn't mean much, ... We're in an uptrend.

I think the market is searching for any good news it can find but the gloom is so thick out there. The market's in a narrow range but my guess is we are bouncing around the bottom.

People have been stopped in their tracks. It's impossible to trade the market right now because there's no way to know what's going to happen in Iraq hour to hour, day to day, so I think most individual investors are hanging back and any action is dominated by hedge funds.