We've been in a relatively negative technology environment ever since the August rally ended. Today's drop is a follow-through on more bad news. Also, the developments on Iraq and deflationary concerns in the economic are in the background.
More Quotes from John Hughes:
I'd focus on Intel, ... If they can say something encouraging or at least, not discouraging, that could help the semiconductor sector sustain and build on the recent gains its seen.John Hughes
Going forward you're not going to see anything too dramatic, barring any major news event.
John Hughes
Oil's a tricky thing, where we've seen pullbacks in the price and the market doesn't respond, but when you see a rally, stocks fall, ... Oil is clearly the excuse today for the selling.
John Hughes
The weakness could be driven by earnings, or a slowing own in the economy, or even uncertainty over the Iraqi elections. The violence is escalating and it's an overhang for the market.
John Hughes
It's been volatile and sloppy today. I'm not pleased with the action, ... But we're not down that much, so you've got to put it in perspective. There's a lot of confusion about the confidence number and the bond market's reaction.
John Hughes
I don't consider myself qualified to do a movie about international intrigue - I seldom leave the country.
John Hughes
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