Kate Warne Interest Quotations

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.

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,

I think that's more related to how much tightening will we see (of interest rates by the central banks). I think they've been a bit oversold. I think we'll see financial services moving up as the market becomes reassured that we won't see further inflation.

People are beginning to think that we've seen the worst of the pre-announcements and missing forecast news. There's also increasing speculation that the Fed will cut interest rates by one-half a percent on Wednesday.

The fast-growing small technology companies basically ignored the Fed's warning of higher interest rates.

In Canada and U.S., people are watching for (inflation) to be higher then it was last month. In the U.S. everyone is just nervous about whether we're going to see numbers higher than anticipated because that would make the (Federal Reserve Board) less likely to cut more interest rates.

I'm surprised that technology has continued to be on a tear so strongly today because it's the rapidly growing stocks that will in fact be hurt if interest rates are increased.

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.

All of the normal sectors were people beginning to worry about interest rates and about future profitability and future growth, they really dropped.