It's an odd group of stocks that are down today...it's more across different industries than it normally is,
More Quotes from 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
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
Certainly Nortel selling its optical business to Corning and then taking half of the company is probably the biggest story on Monday as far as news that moved the markets,
Kate Warne
I think the sentiment has not entirely shifted away from the belief that technology will continue to do well. But the believers are getting more and more worried about their beliefs.
Kate Warne
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.
Kate Warne
I think we're going to see a lot of volatility as the market tries to sort out where the new leadership will come from.
Kate Warne
Readers Who Like This Quotation Also Like:
My greatest fear is to be misunderstood.Elliott Gould
When a scientist is ahead of his times, it is often through misunderstanding of current, rather than intuition of future truth. In science there is never any error so gross that it won't one day, from some perspective, appear prophetic.
Jean Rostand
I'd rather go naked than wear fur.
Christy Turlington