the market, or is there?
Analysts say they don't expect much to improve market sentiment this month. The Fed isn't expected to cut rates again until March an intense debate over President Bush's tax-cut proposal is just starting.
It may take until the release of March's employment data to ignite a solid trend. "You know the company news you’re going to be hearing is bad," said Bob Streed, senior investment advisor at Northern Trust. "It’s not really a surprise. It’s not indicative of a change in trend...that is the trend."
Oracle, the big business software company, pulled down software stocks when Morgan Stanley analyst Chuck Philips cut his forecast of growth in its core database business. Philips maintained his overall quarterly and annual earnings estimates, saying that Oracle's new business-applications software is doing well, but traders accentuated the negative and took 13% out of the stock.
Analysts say they don't expect much to improve market sentiment this month. The Fed isn't expected to cut rates again until March an intense debate over President Bush's tax-cut proposal is just starting.
It may take until the release of March's employment data to ignite a solid trend. "You know the company news you’re going to be hearing is bad," said Bob Streed, senior investment advisor at Northern Trust. "It’s not really a surprise. It’s not indicative of a change in trend...that is the trend."
Oracle, the big business software company, pulled down software stocks when Morgan Stanley analyst Chuck Philips cut his forecast of growth in its core database business. Philips maintained his overall quarterly and annual earnings estimates, saying that Oracle's new business-applications software is doing well, but traders accentuated the negative and took 13% out of the stock.
