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.
More Quotes from Kate Warne:
We finally saw a rebound. We finally saw some buying again. We didn't see any real bad news, there is no downgrade of any tech stocks so I think the market finally didn't have anything negative.Kate Warne
It was probably a case of scale up or sell, and (Bank of Montreal) decided it did not want to make the strategic investment needed.
Kate Warne
Royal Dutch and Exxon have always traded at premiums in the market, ... The merger puts BP and Amoco in the same size and presence globally, and it should give them the same premium value.
Kate Warne
I think it may just be broader concern rather than a focus on what's happening to interest rates. Many of these sectors haven't done well and it's not clear what will turn them around, ... It's a little surprising the financial services are down. Although, they would be mixed on (Greenspan's) message, I would expect them to be a little more a positive.
Kate Warne
This is the time to be buying integrated oils.
Kate Warne
It's the same old story. It's Nortel and BCE. Dynamite earnings out of both of those and the stocks just roared ahead. And so went the market,
Kate Warne
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