It was a little choppy. It's the market trying to assess the good news we're getting out of the technology sector and, at the same time, reacting to the fact the economy is slowing.
More Quotes from Kate Warne:
Now that nobody's worrying about this quarter's earnings, they're now worried about if growth will slow and since Microsoft said yes, that led to a sell-off in technology, ... There's some worry about Microsoft being split up but I think it's actually more concern about their warning about the future.Kate Warne
Any little signal like this can lead people to sell first and to think about it later ... and it's partially a response to nervousness over whether the good times can continue,
Kate Warne
I think what we saw was perhaps a bit more excitement at the end of the year than was warranted. Today we're seeing much more of a negative sentiment than is warranted.
Kate Warne
I think it's just carry over from yesterday. People are still very nervous about what's happening in the technology sector with earnings warnings. There's clearly some buyers stepping in today.
Kate Warne
Fundamentally what we saw was the market picking up a little after the Fed said they were not going to do anything and the news was as expected.
Kate Warne
Basically, all of the companies that have been doing the best this year, in terms of the major leaders, the large caps, really saw a big pull-back today.
Kate Warne
Readers Who Like This Quotation Also Like:
Based on Topics: Computers & Technology Quotes, Facts Quotes, Time QuotesYou have to have a catcher because if you don't you're likely to have a lot of passed balls.
Casey Stengel
Music washes away from the soul the dust of everyday life.
Berthold Auerbach
It is always easier to believe than to deny. Our minds are naturally affirmative.
John Burroughs