The year is starting off with strong M&A activity, and part of what's driving the economic cycle is consolidation. It does provide some support for the market. |
There isn't enough good news right now to really get people involved. Most professionals and individuals are just holding, looking for some clarity on the transition in Iraq, looking for some clarity on the presidential election, and, perhaps more importantly, looking for some clarity from the Fed on rate rises. |
This may say more about Intel's competitive position against AMD than it does about some broad-based slowdown in the technology arena. |
You will see more and more concern that interest rates will have to continue to rise to cut back some (stock market) speculation. |