No one likes to lose money in technology. We marginally broke 3,500 and everybody has been looking for a giant capitulation day. We may not get that but this is a market that is healing.
No one likes to lose money in technology, ... We marginally broke 3,500 and everybody has been looking for a giant capitulation day. We may not get that but this is a market that is healing.
Over the past couple of weeks, the move higher in the stock market has been supported by a few big-cap stocks. This is a repeat of the 'Nifty Fifty' in the '70s. While the averages have hit new highs, the bulk of the stocks is moving lower.
Nasdaq is really a mixed bag. The Fed debate is why the market can't put a convincing rally together.
The market is acting like we were just coming out of a recession. It's about as tough and confusing on a day-to-day basis because of all this rotation. The market is looking past the (economic) slowdown, past the (presidential) election and out to the first quarter of 2001.
The market is acting like we were just coming out of a recession, ... It's about as tough and confusing on a day-to-day basis because of all this rotation. The market is looking past the (economic) slowdown, past the (presidential) election and out to the first quarter of 2001.