The overall passion for Internet stocks is carrying over to the index itself,
More Quotes from Art Hogan:
People are starting to wake up to the credit exposure J.P. Morgan and Citigroup have to WorldCom,Art Hogan
We'll continue to see more of that, with the market gyrating toward that end. It will be difficult between now and Oct. 15 the next Fed meeting to get anything done until we know where we're going with interest rates.
Art Hogan
We've gone through a lot this week in terms of getting ready for the Fed, ... We've got some important news at 200 on Tuesday and obviously you're not going to make a huge bet in front of that. However, we seem to be in good shape for that announcement.
Art Hogan
In terms of the thought process on the economy, today's ISM data on the services sector didn't help,
Art Hogan
No one thinks the Fed is going to raise rates, so to what avail does a benign PPI number do to the market,
Art Hogan
Yesterday was all about valuations and bargain hunting, ... It's not just about bargain hunting today.
Art Hogan
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The strangest, most generous, and proudest of all virtues is true courage.Michel de Montaigne
We all have possibilities we don't know about. We can do things we don't even dream we can do.
Dale Carnegie
The pressure to compete, the fear somebody else will make the splash first, creates a frenzied environment in which a blizzard of information is presented and serious questions may not be raised.
Carl Bernstein