Kate Warne
Kate Warne
Kate Warne was the first female detective in the United States...
beginning future interest normal people rates worry
All of the normal sectors were people beginning to worry about interest rates and about future profitability and future growth, they really dropped.
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,
continue keeps people reporting
At some point, people are going to say 'If Lucent keeps reporting that everything is bad, how long can Nortel continue to look good?'
companies earnings line market report
I think we will see companies report their quarterly earnings in line with expectations and that will give the market a boost.
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.
answer cautious people reaction sentiment shock worried worse
I think there was a shock reaction (at first) and then people said 'Is this very worse than we thought it was going to be?' And the answer was no. Yes, it was a down day but it wasn't very much of a down day, ... I think the sentiment is cautious but not as worried as would be expected.
flat increased main pulled rally reason seeing
The main reason that we're up is that Nortel's weighting was being increased in the S&P 500, so what we were really seeing is the Nortel rally ... and it pulled BCE along. Without that, it would have been a flat day.
alan chairman federal greenspan hear people reserve waiting
Certainly, people are waiting to hear what Federal Reserve Chairman Alan Greenspan is going to say.
excited great ideas overall people seeing
Overall nobody's seeing great ideas out there and people aren't excited about anything right at the moment.
decisions grounding hour huge looking people swinging trading
This kind of swinging huge amounts from hour to hour suggests that people are not looking much at the fundamentals and not grounding their trading decisions in what's really going on with the companies.
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.
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.
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.
materials outside rather reaction stocks
The materials stocks were down with profit-taking rather than a real reaction to anything outside of Canada.