You're seeing some spillover weakness in Sun and the telecoms continue to waffle. There's still uncertainty about tech leadership.
More Quotes from Michelle Clayman:
This is more air coming out of the Internet bubble, coupled with a bit of a flight to safety into the old trusted stocks.Michelle Clayman
Things have been so gloomy, (but) now many people sense the bottom is here and we'll start to drift upward.
Michelle Clayman
Yesterday, it felt like the whole world was changing, but today we're seeing that we're still going to have to deal with all the same things as before. The Bush administration is expected to announce an economic stimulus package next week, and that may buoy the markets. But there's still tremendous uncertainty on the international front and until that's settled, stocks are probably gonna tread water.
Michelle Clayman
We're also still getting support from the low interest rates. While Treasury yields are not as low today as they've been, they are still historically at a substantial low, and that lends support to equities.
Michelle Clayman
There are still concerns that profits will slow considerably, and that will hit stocks. But I think there are a number of stocks that are just oversold at these levels.
Michelle Clayman
There's still a great deal of uncertainty. We've got a pretty worrying international situation. There is a decline in confidence in business leadership based on a few bad apples, and a certain complacence about the economic data.
Michelle Clayman
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Based on Topics: Leadership Quotes, Leading & Managing QuotesBased on Keywords: spillover, waffle
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