There doesn't seem to be any one trigger. The idea of technology being such a high growth area is true but maybe revenue growth isn't as robust as anticipated. It's more one of anxiety by investors that evidence is mounting the Fed may need to be more aggressive.
More Quotes from Charles Crane:
The market behaved worse than most anticipated going into this period because the conditions of the economy were worse than any of us judged it to be. Earnings were revised down steadily and that kind of downward revision was not tolerated well.Charles Crane
Any time you get more than one central banker in a room together the antennas are bound to go up and send a shiver down the market's spine.
Charles Crane
The sooner we can line up company A against company B and have some modicum of evidence the books have been prepared in a similar fashion, the better off the market is going to be. Even if the bottom line ends up looking mighty lean.
Charles Crane
At some point investors are going to cash in some chips. We are getting close to the end of the quarter, and we have to keep that in mind. The next few weeks will be as choppy as the last few, but I wouldn't expect, barring unforeseen circumstances, the market to have too much risk.
Charles Crane
The irony of all this summer rally is that the more vigorous it gets the higher the odds are that Mr. Greenspan continues to tighten the screws. And whether that will then lead to a more severe hangover the next morning is what we're all wrestling with.
Charles Crane
News of some sort of explosion over in the Middle East was conveniently coincidental with the market downturn, so I've got to think that had something to do with it.
Charles Crane
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Based on Topics: Computers & Technology Quotes, Idea QuotesI never forget, remember that. Not an action, not a name, not a face.
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