I can't get too excited at these levels. Enjoy this rally but don't chase it.
"John Rutledge" was the second Chief Justice of the United States/Chief Justice of the Supreme Court of the United States.
A lawyer and a judge, Rutledge was a delegate to the Stamp Act Congress and the Continental Congress, President and then List of Governors of South Carolina/Governor of South Carolina during the American Revolution, a delegate to the Philadelphia Convention/Constitutional Convention of 1787, and an Associate Justice of the Supreme Court of the United States/U.S. Supreme Court. He was the elder brother of Edward Rutledge, a signatory of the Declaration of Independence. Like many prominent European-American men in South Carolina at the time, he owned African American people as slaves.
According to the state library of South Carolina:
:"Although Rutledge claimed that he disliked slavery, as an attorney he twice defended individuals who abused slaves. Before the American Revolution, Rutledge owned sixty slaves; afterward, he possessed twenty-eight. His wife Elizabeth emancipated her own slaves, and his nieces were abolitionists Grimké sisters / Sarah and Angelina Grimké. Despite this, Rutledge convinced the Constitutional Convention not to abolish slavery. When Rutledge died in 1800, he only owned one slave due to financial difficulties."
If you enjoy these quotes, be sure to check out other famous politicians! More John Rutledge on Wikipedia.The issue is earnings sustainability.
Currency was a big help there. It's hard to get excited about revenues. Three percent growth is not much to shout about.
The economy is getting better, but it's still difficult to get really big servicing contracts.
For the first couple of months of the year, tech stocks were trading more on hope than anything else, ... But as the year progresses, it is starting to appear that the hope was not justified.
The problem is that the stocks have run so much this year that valuations are stretched. To sustain these valuations, we need a strong first half of 2004, and that's an open question.
When all is said and done, IBM will come out pretty darn clean.
Even the best companies like IBM are saying they are seeing no pick up in demand. It is strictly that some companies are doing a better job of managing their costs and expenses.
Expectations have been awfully high on the chip equipment stocks.
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