It's a good day led by Nortel surprise, surprise. I had expected that (Canada) would be down today because of the inflation report.
More Quotes from Kate Warne:
The market has really built in a higher price, being concerned about the possibility of supply disruptions, but the Saudis said they had a plan to make that up. The market is warily eyeing what's going on, and at the moment it's saying there's enough excess capacity, so supply is not a major issue in the short term. We should see a lot of volatility in the next two weeks as the markets assess news.Kate Warne
I think it and the others will benefit as we see higher profits from the refining segment as well as from the oil production segment of their business. At Edward Jones, we're long-term investors, so we actually don't set target prices. But I think definitely the stock has room to rise. And I think the merger with Mobil ( MOB ) will in fact provide a bump in the stock price later this year.
Kate Warne
companies like Ballard Power that have great growth potential but not much in the way of current earnings.
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
Everyone thinks they'll say, 'We'll continue to be watchful and concerned about rising inflation but at the same time we're comfortable that no action needs to be taken,'
Kate Warne
Whereas earlier in the week things looked definitely abnormal, today looked pretty much like we were back to normal.
Kate Warne
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