Some people are taking advantage of the run-up we've had in the last couple of days in tech land to regroup a little bit,
More Quotes from Art Hogan:
The door being open for further rate cuts is bad news. We don't need further rate cuts, we need stability in the economy, ... We do care that we oversold yesterday and there's relatively positive news on the semiconductor front.Art Hogan
We bought on the rumor and are selling on the news, ... We've priced in the victory here. There's very low participation -- there's just no money in the game. Folks are starting to shift focus now.
Art Hogan
Although this is bad news for Main Street this is very good news for Wall Street,
Art Hogan
Today wasn't much of a day. There was a lot of positive news and the economic data was good, but the reaction was a very quiet, almost muted one. Tomorrow may be even quieter in terms of volume as we approach the end of this holiday-shortened week.
Art Hogan
All of the news we got today was negative and the market was defying it ... the news was atrocious today,
Art Hogan
(Techs) had such a terrific run for the past two weeks that I believe some people are taking this opportunity to take some money off the table and invest it in the 'old economy,'
Art Hogan
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