John Hughs Market Quotations

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.

I think when you look at the rally last week, the behavior we're seeing from the market today is pretty constructive, ... We're digesting the gains from last week, and if historical trends prove right, we should close the week a little higher. Technically and objectively, the market is doing everything it can.

I think over the last week or so, a lot of the negative news that has been bothering the market for some time has been priced in, ... So when you have a day like today, when you get a drop in the price of oil, some people are willing to get back in.

I think GE and Citigroup could help lift the market if they say something positive.

After WorldCom, Qwest and everything else, the market is having a 'When will this end?' and 'Which company is next?' reaction, ... So even though this isn't exactly a surprise, it shakes investor confidence even more.

It's going to start bad but the key is how the market finishes. You've haven't really had any good earnings reports just yet and after the big run-up, you're going to have a lot of people questioning whether or not there is valid, fundamental support for that run.

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.

If you look at the market overall, you are in a negative place technically, ... The whole thing on the international front is kind of noise. It's a distraction from the fact that the economy is still choppy and that's why stocks aren't going anywhere. You almost want to get this whole geopolitical thing out of the way so stocks can just go down, which is where they would be without this, instead of just drifting.

All in all, I think the market is hanging in here pretty well, after almost six up days, ... You're going to get days like this, where you see a little profit-taking, but it doesn't feel like there's an interest in taking the market a lot lower.

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.

The market has been looking for some catalyst to go up or down and we're looking at that meeting to act as the catalyst.

The market is getting so oversold and has such a background of negativity that maybe we are finally getting to the point where a bottom could be set,