Not surprisingly, when we have a market that's not quite sure about direction, you're going to see real volatile days like this where things are turning on emotion rather than on any underlying fundamental. |
Now that nobody's worrying about this quarter's earnings, they're now worried about if growth will slow and since Microsoft said yes, that led to a sell-off in technology, ... There's some worry about Microsoft being split up but I think it's actually more concern about their warning about the future. |
Now that nobody's worrying about this quarter's earnings, they're now worried about if growth will slow and since Microsoft said yes, that led to a sell-off in technology. There's some worry about Microsoft being split up but I think it's actually more concern about their warning about the future. |
Obviously the market was very nervous about what the Fed is going to do tomorrow.... But I think by the end of today people began to get optimistic that things are not quite as bad as they seemed to be last week and prices are actually pretty good right now. |
Oil prices fell significantly so all the energy sector was down, you see all of the financials are down, the high-tech flyers down. |
Once again we have Nortel and BCE as the responsible parties for the major move in the market and everything else would probably be flat without them, |
Once again we have Nortel and BCE as the responsible parties for the major move in the market and everything else would probably be flat without them. |
Over the weekend there were a lot of reports in the U.S. talking about how the people who think the worst is over are probably wrong, and I think the market always gets nervous after a rally. |
Overall nobody's seeing great ideas out there and people aren't excited about anything right at the moment. |
Overall today, I think the market's just sort of looking for direction, ... The same old worries began to resurface as people got back into the swing of trading. Instead of the morning optimism, it just became the same old, same old. The worries about higher rates, about lower earnings, about was the world's economy slowing began to show up again. |
Overall today, I think the market's just sort of looking for direction. The same old worries began to resurface as people got back into the swing of trading. Instead of the morning optimism, it just became the same old, same old. The worries about higher rates, about lower earnings, about was the world's economy slowing began to show up again. |
People are beginning to think that we've seen the worst of the pre-announcements and missing forecast news. There's also increasing speculation that the Fed will cut interest rates by one-half a percent on Wednesday. |
People are really uncertain about whether we're going to see a lot more earnings disappointments or whether we're toward the bottom of the cycle as the Fed started to ease. |
People are selling everything, and that is different because it suggests a lack of attention to which companies are going to be fine. This could be a good sign for the market to start moving higher, not necessarily tomorrow, but as we get toward the end of this. |
People are worried where additional supply will come from. |