The market was spending sometime digesting whether this meant more rate hikes for longer and concluded this was nothing different than what people had anticipated. At that point, it was 'let's do this some more,'
More Quotes from Kate Warne:
People are selling everything, and that is different because it suggests a lack of attention to which companies are going to be fine. This could be a good sign for the market to start moving higher, not necessarily tomorrow, but as we get toward the end of this.Kate Warne
Cost saving is a big piece of what oil companies have to do. This is a commodities business, so the companies that do it best are the ones that do it more efficiently.
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's a good day led by Nortel surprise, surprise. I had expected that (Canada) would be down today because of the inflation report.
Kate Warne
It's an odd group of stocks that are down today...it's more across different industries than it normally is,
Kate Warne
People just got very nervous about technology all of a sudden. After a rally earlier in the day, the Nasdaq just begun to drop.
Kate Warne
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