John Hughs Economic Quotations

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.

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,

We're getting to the year-end period and stocks are starting to drift. You're seeing that today, ... There's still a lot of uncertainty about the economy and about the change in Bush's economic team. We're also coming off a period where the Dow rose for 8 weeks and so you're seeing a little pullback. You saw it last week and I think it's continuing.

Everything came down to key support levels late last week and so I think you're seeing a bounce off that, ... You've also got some economic reports that are being perceived favorably, plus McDonald's earnings.

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.

This is the first one after the election, and I think it will be seen as more indicative of economic growth than previous ones, which were looked at in terms of the election,