There's been a lot of selling in the blue-chip area over the last two weeks, with a rotation into high tech, and that seems to be continuing today.
More Quotes from Paul Mendelsohn:
The yield curve is beginning to frighten people.Paul Mendelsohn
This correction is happening at an interesting time, coinciding with February's seasonal weakness and two events over the next few days that will be important both for interest rates and equity markets -- Friday's unemployment report and the G7 meeting this weekend,
Paul Mendelsohn
Hopes for a good report on consumer confidence today is helping stock futures this morning. Any signs of higher confidence, which turn into higher spending, will be supportive to the markets.
Paul Mendelsohn
The HP news is clearly positive, particularly for technology, ... and if nothing negative happens overnight, you could have a higher open. But we have CPI tomorrow, and that's a big unknown.
Paul Mendelsohn
This morning we're being dominated by two factors -- positive news across the pond and a little bounce off of yesterday's sharp sell-off.
Paul Mendelsohn
It's been a pretty bad month, but today was a pretty good ending under the circumstances, considering that crude oil closed at a new high and that GDP numbers were so poor,
Paul Mendelsohn
Readers Who Like This Quotation Also Like:
Based on Topics: Sales Quotes, Selling QuotesBased on Keywords: blue-chip
A sublime faith in human imbecility has seldom led those who cherish it astray.
Henry Ellis
We are doing everything we can to protect the food supply. And I can tell you that we're making decisions based upon sound science and good public policy, given the circumstances that we are now in.
Ann Veneman
The world is the mirror of myself dying.
Henry Miller