I'm concerned that the drug stocks are off today. People are selling the drugs and buying the techs. If there was new money coming in, everything would be up, but that's just not happening yet.
More Quotes from Linda Jay:
In the case of the tech sector, I think they've been so beaten up that I don't think there's much more negative news that can hurt it.Linda Jay
Japan might have started this thing (selling) off. Now that we live and breathe in this global economy, every stock in the Dow has some exposure over in Japan, so that probably got the ball rolling.
Linda Jay
The big, big concern here is there's no confidence in this market. We might have to test those old lows.
Linda Jay
We still have two weeks of earnings warnings ahead.
Linda Jay
Right now there's nothing too, too bad to focus on. As long as things stay calm in the Middle East, I think this continues.
Linda Jay
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