Kate Warne
Kate Warne
Kate Warne was the first female detective in the United States...
basically beyond fed front happens meeting move next nobody pattern positive sort trades waiting wants week
But beyond that, when you look at the pattern of trades for the day, it was basically positive but sort of lackluster. I think everybody's waiting around to see what happens next week and nobody wants to move a lot in front of the Fed meeting on Tuesday.
happen hit market might nervous overall saying seemed tech third
A Combination of Nokia saying it wouldn't do well in the third quarter, which seemed to hit all of the tech sector, the end of the Nortel Corning talks, and I think the market overall got nervous about what might happen in the future.
broader clear concern expect financial focus happening interest mixed rather services surprising turn
I think it may just be broader concern rather than a focus on what's happening to interest rates. Many of these sectors haven't done well and it's not clear what will turn them around, ... It's a little surprising the financial services are down. Although, they would be mixed on (Greenspan's) message, I would expect them to be a little more a positive.
buyers carry clearly earnings happening nervous people sector stepping technology
I think it's just carry over from yesterday. People are still very nervous about what's happening in the technology sector with earnings warnings. There's clearly some buyers stepping in today.
believe depends given happens heavy higher run until
Given that Nortel and BCE are such a heavy weighting in the market, what happens to the real TSE right now really depends on what happens to those two stocks, ... I believe they're going to run higher until they stumble.
bit drops earnings happens last responding shock waiting week
I think everyone is waiting to see what actually happens with earnings this week and everyone is still a bit in shock from the drops at the end of last week responding to the pre-announcements.
canada cut higher interest last less likely nervous numbers people reserve watching whether
In Canada and U.S., people are watching for (inflation) to be higher then it was last month. In the U.S. everyone is just nervous about whether we're going to see numbers higher than anticipated because that would make the (Federal Reserve Board) less likely to cut more interest rates.
days direction emotion market quite rather sure turning underlying volatile
Not surprisingly, when we have a market that's not quite sure about direction, you're going to see real volatile days like this where things are turning on emotion rather than on any underlying fundamental.
both less nervous people sentiment today
The sentiment is nervous and I think today was very negative. People were getting both more nervous and less enthusiastic about where things were going.
again flat major market move parties
Once again we have Nortel and BCE as the responsible parties for the major move in the market and everything else would probably be flat without them,
basically companies higher ignored interest small technology warning
The fast-growing small technology companies basically ignored the Fed's warning of higher interest rates.
assets expected faster job market tells
I hadn't expected BP Amoco to be really in the market for acquisitions this quickly, ... What it tells me is that they have done a faster job of consolidation of Amoco's assets and they feel very comfortable going forward.
continued fact growing hurt interest rapidly rates stocks strongly surprised tear technology today
I'm surprised that technology has continued to be on a tear so strongly today because it's the rapidly growing stocks that will in fact be hurt if interest rates are increased.
case decided investment scale strategic
It was probably a case of scale up or sell, and (Bank of Montreal) decided it did not want to make the strategic investment needed.