This is the kind of whipsaw volatility we've been seeing in techs. It's a case of nerves for traders of technology stocks. They're starting to pull out their hair.
More Quotes from Peter Coolidge:
People are still nervous about the interest rate climate and how much and when Greenspan and company will raise rates.Peter Coolidge
Lucent was our scare today. It shows that the market is very skittish and vulnerable to any perceptions of bad news.
Peter Coolidge
It's a wait-and-see game right now.
Peter Coolidge
There's still a lot of uncertainty out there, especially about how long and how deep the economic slowdown will be. It's a bad day in a bad week.
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Today, especially on the heels of Yahoo, it's just more indicative of the funk we find ourselves in.
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
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