Kate Warne Seeing Quotations

What we're seeing today is a combination of lower oil prices and concern about the strength of the economy in the second quarter.

Basically what we're seeing is stocks that reported expected or better than expected first-quarter earnings have moved up, while any company that has really disappointed has gotten slammed. The market is looking for direction.

I expected today was going to be pretty choppy, ... We were again seeing a real conflict within the tech sector between people who believe values are low enough to buy and people still concerned about (possible) announcements of slowing growth, that the economy was coming in for a hard landing and nothing but bad news would be coming out.

I think in Toronto we're seeing reaction to the Lucent pre-announcement with Nortel, which is down,

I think what we saw was perhaps a bit more excitement at the end of the year than was warranted. Today we're seeing much more of a negative sentiment than is warranted.

I think we are seeing a little follow-through from the election ... but, overall, the market has been pulled down by the drop in oil prices more than anything else.

Overall nobody's seeing great ideas out there and people aren't excited about anything right at the moment.

Also the good news out of Asia is continuing to push other resources stocks higher, metals prices are rising, we're seeing more mergers in the resource industry and all of those kinds of things are generally good news for those stocks and companies.

The market is concerned about the slowdown in growth in the technology sector so we're seeing all the tech stocks drop pretty significantly today, ... But there doesn't seem to be something that triggered this today.

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.