John Pickett Quotes

This [was] an expected recovery from yesterday's selloff... The only thing keeping people invested in stocks is that the [Treasury] bond yields are quite low. So there's no other alternative. - John Pickett

They are three very good reasons right now for people to sit on cash... If you can somehow remove one or two of those obstacles -- and I'm thinking of earnings coming in the beginning of July -- we might get some people to get off their hands and get into this market. - John Pickett

There were no major surprises. - John Pickett

The Nasdaq hit its Sept. 21 low, it held that level and then you saw it starting to rise. There was a lot of short-covering and there's really only so much that short-covering can do to the market. I am afraid it may be only a temporary measure here. - John Pickett

The Dow tested it this morning and didn't break it. That's when buyers scrambled to use it as an opportunity to take some stocks that have been beaten down. - John Pickett

The 8,200 level has become a point of support for the Dow. - John Pickett

It felt like a real relief rally. Also on the Dow, we hit a key technical level and we were able to bounce back from it. - John Pickett

In the past four days prior to Friday we packed in two weeks worth of work. On Tuesday people didn't just get hit; they got decked. - John Pickett

I'm not really sure what the market is showing us here... Seven hundred and eighty million shares: That's not a lot. - John Pickett

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