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Letter "J" » John Hughes Quotes
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«This week is going to be fairly volatile, with the shortened trading week, and I would expect to see a correction over the next few weeks,»
Author: John Hughes
«I think you're going to see some sideways consolidation throughout the summer,»
Author: John Hughes
«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.»
Author: John Hughes
«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.»
Author: John Hughes
«There [was not] much enthusiasm out there today, ... The durable goods data was a disappointment, but on the other hand it wasn't entirely a surprise, given the weakness in some of the other economic reports we've had. Meanwhile, retail concerns also persist.»
Author: John Hughes
«We're getting to the year-end period and stocks are starting to drift. But the pullback so far has been orderly,»
Author: John Hughes
«There's still a lot of uncertainty about the economy and about the change in [President] Bush's economic team. We're also coming off a period where the Dow rose for eight weeks and so you're seeing a little pullback. You saw it last week, and I think it's continuing.»
Author: John Hughes
«I think the action we're seeing is constructive. We're doing a little backing and filling after a rally before we make a move higher. You're also hitting against some key technical levels here, ... There's not a huge rally building now, but we've seen a little pattern in the past few weeks of rally, scale back, and then continue, and we may see that again.»
Author: John Hughes
«What we're gonna see now and probably for the next few days is what we saw yesterday, a little technical bounce from oversold conditions,»
Author: John Hughes
«The buying is broad-based, and the movement in some of these stocks is significant, particularly for technology, ... I think we're making some good progress today. It could mean a change in tone.»
Author: John Hughes
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