Technology stocks continue to
fall, extending losses from yesterday’s trading. Profit reports mostly disappointed after the
market close yesterday and we can see that disappointment, especially in the
Nasdaq which is down moderately, while other indexes are showing small
gains. An apparent break in the Ukraine
crisis is providing some support. Without that positive news, we could be
looking at another triple digit loss on the Dow and greater percentage losses
on the Nasdaq. There seems to be a
decidedly negative momentum which might weigh on stocks more and more as the
day progresses. Investors appear to be
abandoning momentum growth stocks and looking to fundamentals, such as revenue
growth and earnings in making investment decisions. Gold is down over 1% while oil is holding
steady. Fasten your seat belt. There is turbulence ahead.
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