Kate Warne Sector Quotations

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.

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.

What we saw today was people deciding that the non-technology sector really held some good values,

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.

Oil prices fell significantly so all the energy sector was down, you see all of the financials are down, the high-tech flyers down.

It was once again Nortel and BCE and in addition the cable companies, but again the technology and communication sector is really driving the market,

The market is concerned about the slowdown in growth in the technology sector so we're seeing all the tech stocks drop pretty significantly today, ... But there doesn't seem to be something that triggered this today.