Kate Warne
Kate Warne
Kate Warne was the first female detective in the United States...
bad buying finally market saw stocks tech
We finally saw a rebound. We finally saw some buying again. We didn't see any real bad news, there is no downgrade of any tech stocks so I think the market finally didn't have anything negative.
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I expected today was going to be pretty choppy, ... We were again seeing a real conflict within the tech sector between people who believe values are low enough to buy and people still concerned about (possible) announcements of slowing growth, that the economy was coming in for a hard landing and nothing but bad news would be coming out.
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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.
bad ignored market news remained sentiment time
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,
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I think the market will react strongly to what the numbers are. Clearly the U.S. market and the Canadian markets are looking for direction. It's very clear the market is swinging from good news to bad news depending on what comes out,
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You have one of those people who everybody watches for signs of bad news saying things are good, and I think that certainly helped,
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People have just been waiting for the end of bad news. They may not be right, but at least they're hoping we've seen.
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At the same time people are now focused on May 16 -- and is that bad news for tech stocks?
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If there's a daily barrage of additional bad news then nobody is going to be comfortable feeling that the values are good or that we're near the bottom.
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We saw really good news to start the day.
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It was a little choppy. It's the market trying to assess the good news we're getting out of the technology sector and, at the same time, reacting to the fact the economy is slowing.
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They are also up almost 40 percent year to date. So people may have taken this as the last of the good news.
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There will be supply disruptions for a while. As gas and gasoline prices spike, Canadian oil companies are positioned to continue producing as much as they can and benefit from the situation.
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Right now we have two trains leaving the station and everybody decided that they needed to be on one or both ... therefore we saw very different investing styles push very different groups of stocks up and overall we have a very, very strong day as a result,