I think that the market is in a wait-and-see mood to see whether there is any direction in Friday's reports.
More Quotes from Kate Warne:
So now we're getting not only the sell-off in technology but the sell-off in all the interest-sensitive stocks and every place else that people have been putting money.Kate Warne
People have just been waiting for the end of bad news. They may not be right, but at least they're hoping we've seen.
Kate Warne
The materials stocks were down with profit-taking rather than a real reaction to anything outside of Canada.
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
We'll see somewhat of a rise in inflation, although actually the overall impact of oil prices on inflation is pretty small, so it won't be a major pick-up in inflation,
Kate Warne
The market was spending sometime digesting whether this meant more rate hikes for longer and concluded this was nothing different than what people had anticipated. At that point, it was 'let's do this some more,'
Kate Warne
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