Strong corporate earnings and low interest rates. Everybody wants to own these (technology) stocks because the earnings growth is so strong.
More Quotes from Brian Finnerty:
Some people are starting to say that profits have been good but aren't trickling down to the bottom line yet. But I think this perception will be a short-lived phenomenon. You're going to start seeing more companies whose profits are showing real growth.Brian Finnerty
The retail numbers were really weak and the markets responded. This is the kind of market where any glitch, any chink in the armor can set us off.
Brian Finnerty
Everyone is talking about Cisco getting rid of its inventory problem a little bit faster than people had thought. But the whole Nasdaq is looking better.
Brian Finnerty
I think it's all Iraq. Chief U. N. weapons inspector Hans Blix is giving his report Monday, Bush is giving his State of the Union address Tuesday and I've got every customer telling me that they don't want to be long ahead of that.
Brian Finnerty
We had some decent economic news, but no one believed in the move up. There just isn't a sense that things have turned.
Brian Finnerty
There aren't really any standout negative catalysts today. The market's just kind of drifting lower today on pretty light volume. We're also probably still a little oversold from the recent run.
Brian Finnerty
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