Good news on retailers should be a sigh of relief. |
Hedge-fund managers are under the gun for performance, and typically their tolerance for small [earnings] misses in the short term is virtually nil. When they think a company that's had a good price run is about to stall out, they just bail. |
His testimony not only played well to Congress but to Wall Street. So we should continue to get a little honeymoon spillover from that. |
I think it's going to be the earnings, I see that as probably on everybody's minds this morning. I'm probably more concerned with oil at around $67 a barrel than I am about Japan. |
Investors remain very cautious. They're holding back, waiting for the Fed. We still have buyers in the market, looking very selectively to put money to work on pullbacks. |
Right now, the market is going through rapid rotation and very little stability in the process of trying to find sector leadership. |
The Davidson 99 has benefited from a revival in the semiconductor, electronics and aviation industries, all important economic drivers in the Pacific Northwest. |
The first quarter economy rebounded strongly, but it wasn't too strong in this case. |