If they (the Fed) had any plan whatsoever, they wouldn't be trying to micro manage the economy and target the stock market like they have been. |
If you were interested in getting aggressive in tech stocks, you wouldn't want to do it in front of a potential bomb. But I don't think there's going to be a major shock (from Cisco). |
In the past Greenspan has implied market valuations are OK. as long as earnings growth is sustained. But there's a lot of concern valuations are too high?and now we've had a couple of earnings warnings. |
Investors are less concerned about technology valuations and more concerned with finding places to put money that won't have earnings disappointments. |
It may just be money being pulled out of technology and being put into more defensive sectors. |
It seemed to me that Wall Street analysts fired all their cannons this morning in defense of technology and look at the result. Some of these stocks will get bailed out if they significantly beat expectations over the coming weeks but I also suspect there may be some further warnings announced. We're at significant risk of companies guiding analysts lower in terms of the fourth quarter and next year. |
It seems we've had more than enough weak economic data to conclude the Fed will cut rates on June 27. |
It's a bit much to expect we're going to rock and roll to new highs. But I don't see an extraordinary amount of downside, so investors shouldn't worry too much about the ups and downs. |
It's a pattern that's repeated virtually every day. At least today there was a reason to open higher. This is not a good sign that every analyst was out pumping up their favorite tech stocks and here's the result. |
It's been typical for the market to rally into an FOMC meeting. You can't ignore it (the rally) but a lot is going to depend on the market's response to the Fed meeting tomorrow. I'm watching and waiting. |
It's just a minor piece of the puzzle, but it does show the continued strength of imports - an excessive demand is a problem for the Fed. |
It's light, and people are looking for anything to do. I think you'll continue to see money move into the tech group because that's where all the performance has been. |
Natick got a real surge of momentum, they were dumping and banging and putting a lot of pressure on us. In between the first and the second periods, the boys made a decision -- we all did - that we were going to come out and follow through on our checks and physically take the game back. |
Outside of technology, the performance of the market is very healthy. There seem to be a lot of questions about how strong or not business in technology will be so there's more interest in the 'old economy' stocks. |
People are doing a little rotating into some groups that have been lagging a bit. The analysts have been out flogging their favorite Internet stocks in the past couple of days. |