Last week we were looking for three things: for cash to flow into mutual funds, tech stocks to do better and the market to end above 1,200. We got them all, so we were anticipating a good day today.
Earnings are a mixed bag, but it seem like tech stocks are starting to turn the corner.
Tech stocks have done better recently, so it could be some profit taking.
There's lots of mixed news. We started off with negative tech news, then National Semi came out in the middle of the day, and we're doing better, but we're still down for the week.
It's the same old, same old. Large cap tech is going to be in the doldrums for some time.