“The market's had a tough time, then had a nice rally off the lows and now there's some consolidation going on as some stocks had some dramatic moves,”
“It is a disappointment right now. Nobody expected them to change the rate but they were hoping that they would maybe go to a neutral stance. Keeping rates where they did and still warning about inflation, really not backing down, has unnerved the markets a little bit.”
“People kind of jumped the gun on tech stocks. Every time there's anticipation of a pick-up in the economy, people put a lot of leverage in technology. But it's going to have fits and starts before it gets going again. It's going to be more of a trading vehicle initially.”
“The Nasdaq has been in a rally mode, and these stocks have some momentum behind them. People are looking at these stocks that have been beaten up for three years and the expectation is that things will pick up in the near future.”
