Some of the blue chip tech stocks, especially the Internet stocks, as we all know, have really taken it on the chin this year. So if you want to play the technology sector, you should stay with the ones that did not make warnings going forward, as did the Amazon or Nokia, so stay with those.
More Quotes from Donald Selkin:
The silver lining on this is that it confirms that the Federal Reserve will not be raising interest rates anytime soon, which is good news for the market.Donald Selkin
This shows that investors are ready to take on more of a tolerance for risk.
Donald Selkin
I think it's interesting that on a day when crude oil closes over 50 a barrel for the first time, the market is flying.
Donald Selkin
They projected higher for the first quarter, but they came in a little light on revenue for this quarter. Maybe people are worrying that they can't continue growing at these levels.
Donald Selkin
Even though the averages themselves are doing nothing, there are some special situations going on here. There's a lot of action away from the averages.
Donald Selkin
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