Quotes by John Kinsey

“Its still going to be a tough time for quite a while for the market, ... The market really is driven by confidence and now thats been eroded by credibility factors.”

“Theres absolutely no corporate credibility out there and investors are starting to walk, ... I really dont see this market turning around unless something dramatic happens, but I just dont know what that could be.”

“Theres no leadership whatsoever to this market, ... Unless something spectacular comes out of the quarterly earnings, it could be a very quiet summer.”

“Everyones waiting for Wednesday, for (Federal Reserve Chairman Alan) Greenspan to make a decision,”

“People were relieved that (Nokia) met the lowered guidance. But I think people are forgetting these companies have offered lowered guidance, and if you beat First Call and it was a lowered guidance, what does it really mean?”

“Most of the heavies have reported. And the second quarter is mostly behind us. Its more of the same, no leadership.”

“He doesnt want to err on the side of conservatism. The consensus is that he will do one more cut and then that might be the end of it for some time.”

“This market has no leadership. Its like a rudderless ship, bobbing up and down on the ocean. Whats up one day, is down the next,”

“Investors have to be patient and bide their time. From what I see, the second quarter is not going to be that great and who knows about the second half,”

“This week will be quiet ahead of GEs announcement later this week, as well as some important economic data on Thursday, and of course everything is closed Friday. I think investors will play it very cautious for this week,”