But overall, despite earnings, good news, the market is up but not as strong as you might have expected. So all of it was obviously built into the stocks already.
More Quotes from Kate Warne:
There will be supply disruptions for a while. As gas and gasoline prices spike, Canadian oil companies are positioned to continue producing as much as they can and benefit from the situation.Kate Warne
I think the market is a little nervous because Greenspan talks tomorrow and everybody is expecting him to give an indication of how much of an increase we'll see next week.
Kate Warne
Also the good news out of Asia is continuing to push other resources stocks higher, metals prices are rising, we're seeing more mergers in the resource industry and all of those kinds of things are generally good news for those stocks and companies.
Kate Warne
Over the weekend there were a lot of reports in the U.S. talking about how the people who think the worst is over are probably wrong, and I think the market always gets nervous after a rally.
Kate Warne
These gains are sustainable but the market still needs confirmation that demand is getting better.
Kate Warne
It sounds like it's pretty much what we'd expected at this point. But everybody is still worried about how long the consumer can sustain the economy. So the fact they are only up a tenth of a percent, people are beginning to worry whether the consumers are really going to slow down, and the economy with it.
Kate Warne
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