But beyond that, when you look at the pattern of trades for the day, it was basically positive but sort of lackluster. I think everybody's waiting around to see what happens next week and nobody wants to move a lot in front of the Fed meeting on Tuesday. |
But overall, despite earnings, good news, the market is up but not as strong as you might have expected. So all of it was obviously built into the stocks already. |
But the real concern is not whether first quarter earnings were stronger than the fourth quarter, but whether orders and sales continue to pick up. |
Certainly Nortel selling its optical business to Corning and then taking half of the company is probably the biggest story on Monday as far as news that moved the markets, |
Certainly Nortel selling its optical business to Corning and then taking half of the company is probably the biggest story on Monday as far as news that moved the markets. |
Certainly, people are waiting to hear what Federal Reserve Chairman Alan Greenspan is going to say. |
Clearly, the people who are buying growth stocks are saying the good news from a series of interest rates in the U.S. and Canada will mean inflation remains under control. The overall sentiment today was basically optimistic. |
companies like Ballard Power that have great growth potential but not much in the way of current earnings. |
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. |
Depending on what the CPI shows and what Greenspan says, the market has pretty much decided that we won't see a rate hike at the end of the month or through the rest of the summer and, therefore, there might be a quarter point (hike) some place but the Fed's pretty much done, |
Depending on what the CPI shows and what Greenspan says, the market has pretty much decided that we won't see a rate hike at the end of the month or through the rest of the summer and, therefore, there might be a quarter point (hike) some place but the Fed's pretty much done. |
Everybody's worried that the stocks that have done so well have really overshot, |
Everyone thinks they'll say, 'We'll continue to be watchful and concerned about rising inflation but at the same time we're comfortable that no action needs to be taken,' |
Expectations have come down enough at this stage. This is the first day in a long time when the market has ignored bad news and the sentiment has remained positive, |
Fundamentally what we saw was the market picking up a little after the Fed said they were not going to do anything and the news was as expected. |