What they like is that the Fed came close to saying that the rate hikes are over. |
When bull markets and economies start putting on some age, the bigger-name defensive growth stocks get more attention. |
When you get disappointments on companies that are selling at 60, 80, 100 times earnings, you get more room to fall. |
When you throw rotten tomatoes at a queen bee like Cisco, it splashes over on everyone else. |
Yesterday was a classic buying opportunity and those who didn't buy yesterday or sold, are regretting it today. The big picture is still a bull. |
You are getting some long-overdue profit taking in the technology sector, and the cyclical stocks are having their day in the sun. |
You're going to buy Campbell's soup whether or not you have a job, |
[Wednesday] was a beautiful day: breadth was good, volume was good, with the high-tech sector as the lead sled dog. |