It could be, ahead of earnings, the market is trying to separate out the banks it thinks will actually do well even in the higher interest rate environment,
More Quotes from Kate Warne:
I think that's more related to how much tightening will we see (of interest rates by the central banks). I think they've been a bit oversold. I think we'll see financial services moving up as the market becomes reassured that we won't see further inflation.Kate Warne
People are beginning to think that we've seen the worst of the pre-announcements and missing forecast news. There's also increasing speculation that the Fed will cut interest rates by one-half a percent on Wednesday.
Kate Warne
companies like Ballard Power that have great growth potential but not much in the way of current earnings.
Kate Warne
Overall today, I think the market's just sort of looking for direction, ... The same old worries began to resurface as people got back into the swing of trading. Instead of the morning optimism, it just became the same old, same old. The worries about higher rates, about lower earnings, about was the world's economy slowing began to show up again.
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
It's not so much that bigger is better. I think what you're looking at is a company that's suddenly head and shoulders above most of the other companies. And two very efficient competitors that have already cut a lot of their own costs and are now looking at better ways of going after their current business.
Kate Warne
Readers Who Like This Quotation Also Like:
Based on Topics: Environment QuotesI'm the worst person about publicizing myself.
Aida Turturro
I'm handsome, no ands, buts or ifs.
Colin Mochrie
Apologizes are pointless, regrets come too late. What matters is you can move, on you can grow.
Kelsey Grammer