John Davidson Seeing Quotations

I think what you're seeing today and over the past week is a good indicator of where the market is right now and will likely be through the end of the year.

You've seen how OPEC has had some discipline, and that's helped to support the price of oil, and maybe the gold players are seeing that if they use some discipline as well that that may also affect the gold price and their business.

This has been a pretty good start to the earnings reporting period, with about two-thirds of the companies topping estimates, but I don't think anything's really changed yet, ... Greenspan suggested that we may be on the verge of a growth period, which would be significant for earnings, because mostly what you're seeing now are companies showing improvements on cost-cutting, rather than real growth.

I just can't believe what I'm seeing out here. It really boggles the mind to see this firsthand. There's nothing like it.

For the last several weeks, the market has gotten ahead of the economic news. You're seeing that with the jobs report this morning. For stocks to continue to climb, you need to see the economic news start to catch up.

The market has now fully reflected its belief in a second-half pick up, but for the kind of rally we've seen to continue, you're going to need to start seeing evidence. The weekly jobless claims number this morning is a start, but it's not enough. We could be bouncing around in the next few weeks.

The market reacted pretty strongly to Friday's surprisingly weak employment report, and I think you're seeing the market in the process of digesting that now.