Kate Warne
Kate Warne
Kate Warne was the first female detective in the United States...
continue cuts draw focused help instead market might move next tax today
We continue to have uncertainty because what he focused on didn't really help the market draw inferences about what next week's move is going to be. We thought today might give us a hint, instead he focused on tax cuts and other things.
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.
everybody expecting greenspan increase indication market nervous next talks tomorrow
I think the market is a little nervous because Greenspan talks tomorrow and everybody is expecting him to give an indication of how much of an increase we'll see next week.
begins bouncing clue few flat months next until
I think bouncing around flat is probably what we'll see for the next few months until something begins to give us a clue on the next direction.
assess built concerned excess higher issue major market markets moment next plan saying short supply volatility weeks
The market has really built in a higher price, being concerned about the possibility of supply disruptions, but the Saudis said they had a plan to make that up. The market is warily eyeing what's going on, and at the moment it's saying there's enough excess capacity, so supply is not a major issue in the short term. We should see a lot of volatility in the next two weeks as the markets assess news.
good news saw start
We saw really good news to start the day.
assess economy fact good market news reacting sector technology trying
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.
almost good last people percent taken year
They are also up almost 40 percent year to date. So people may have taken this as the last of the good news.
benefit canadian companies continue gas gasoline oil prices producing supply
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.
both decided everybody groups investing leaving needed overall push saw station stocks strong styles therefore trains
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,
leaders tail turned
Pullback time. All the leaders turned tail and ran.
again begin buy chance fear people sell whether
People sell on fear and when they have a chance to look at the fundamentals, begin to think again about whether the fear they had really made sense and buy back in.
began bites good large lower maybe nobody people step taking today
People began to say 'I don't know if things will go any lower so maybe today is a good day to step in.' But I do think it's nibbling, nobody is taking large bites yet,
people putting stocks technology
So now we're getting not only the sell-off in technology but the sell-off in all the interest-sensitive stocks and every place else that people have been putting money.