Kate Warne
Kate Warne
Kate Warne was the first female detective in the United States...
good news saw start
We saw really good news to start the day.
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But overall, despite earnings, good news, the market is up but not as strong as you might have expected. So all of it was obviously built into the stocks already.
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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.
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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.
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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,
basic canadian change environment expect good overall record records strong view year
I would not read too much into the record at this point, ... The Canadian market's been doing very, very well this year. It's doing well for all the right reasons: strong earnings, basic good environment for equities. I expect we'll see more records this year but today's doesn't change the overall view much.
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When you talk about sentiment, you know it will reverse but you do not know when it will change. The news was very good today.
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What we saw today was people deciding that the non-technology sector really held some good values,
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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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Any little signal like this can lead people to sell first and to think about it later ... and it's partially a response to nervousness over whether the good times can continue,
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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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Clearly, the people who are buying growth stocks are saying the good news from a series of interest rates in the U.S. and Canada will mean inflation remains under control. The overall sentiment today was basically optimistic.
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It was basically not a good day for the tech stocks in general and that's the main reason why we saw the 144-point drop.
canada expected good inflation led today
It's a good day led by Nortel; surprise, surprise. I had expected that (Canada) would be down today because of the inflation report.