Lucent was our scare today. It shows that the market is very skittish and vulnerable to any perceptions of bad news.
More Quotes from Peter Coolidge:
It's a wait-and-see game right now.Peter Coolidge
Today, especially on the heels of Yahoo, it's just more indicative of the funk we find ourselves in.
Peter Coolidge
We got stronger on the heels of a feeling that the market got ahead of itself on the downside. We're still in the midst of an economic slowdown and we have not turned the corner.
Peter Coolidge
Until the market sees some clear evidence that the economy is starting to slow, not much is going to happen. There is cash out there on the sidelines but it's an apathetic feeling out there.
Peter Coolidge
People are still nervous about the interest rate climate and how much and when Greenspan and company will raise rates.
Peter Coolidge
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