141 Quotes by Kate Warne
- Author Kate Warne
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I think in Toronto we're seeing reaction to the Lucent pre-announcement with Nortel, which is down,
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If there's a daily barrage of additional bad news then nobody is going to be comfortable feeling that the values are good or that we're near the bottom.
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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.
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Clearly, the people who are buying growth stocks are saying the good news from a series of interest rates in the U.S. and Canada will mean inflation remains under control. The overall sentiment today was basically optimistic.
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Generally, the market is up strong so far this year and this is just one more day in a whole series of days where we've seen more than a 100-point move.
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It could be, ahead of earnings, the market is trying to separate out the banks it thinks will actually do well even in the higher interest rate environment,
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I don't see this as an ongoing decline in technology shares, I do think it's a warning to people whose portfolios have become very overweight in technology that they might want to reconsider the risk in their portfolios, to use this as a head's up.
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I think the market will react strongly to what the numbers are. Clearly the U.S. market and the Canadian markets are looking for direction. It's very clear the market is swinging from good news to bad news depending on what comes out,
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These gains are sustainable but the market still needs confirmation that demand is getting better.
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