This is the kind of whipsaw volatility we've been seeing in techs. It's a case of nerves for traders of technology stocks. They're starting to pull out their hair.
I think we still need to see more before I'm convinced we turned the corner. This earnings season was pretty bad so I still don't see Corporate America coming out and beating the drums.
It is as easy as selling the losers and buying the winners. It's a continuation as investors are buying the successful stocks and ignoring the value stocks.
Until the market sees some clear evidence that the economy is starting to slow, not much is going to happen. There is cash out there on the sidelines but it's an apathetic feeling out there.
Intel has signaled that things are on track and that has calmed a lot of fears. In this tough environment, that's enough for the tech market to take a cue from and rally.
We're going to have to see economic data that suggests capital spending is on the rise and corporate confidence is rising before we can move up significantly. We need to see concrete results.
A lot is riding on this Christmas season and I don't think there are great expectations for a strong season. I think there's still a lot of flux out there and there's still room for caution.
Today, especially on the heels of Yahoo!, it's just more indicative of the funk we find ourselves in.
There's still a lot of uncertainty out there, especially about how long and how deep the economic slowdown will be. It's a bad day in a bad week.
Lucent was our scare today. It shows that the market is very skittish and vulnerable to any perceptions of bad news.
