Doing What It s Supposed To Do thestreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestreet.com Daily Mail and Mail on Sunday newspapers.
Zombie Rally thestreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestreet.com Daily Mail and Mail on Sunday newspapers.
Folks sold industrials, financials, transports and even retailers on Thursday to buy their beloved tech stocks here's what that did to the indicators.
Speculation, the Sequel Stocks quotes in this article: QQQ, AMC
One week ago today I wrote right here in these pages about how we had pretty much wrung most of the speculation out of the market. I considered it a positive.
It wasn t only the speculation, it was also that so many had seemingly turned so negative on growth and tech stocks. Folks seemed to have a laundry list of why they didn t like those stocks anymore. Well, in that week the Invesco (QQQ) have rallied about 6% and the SOX has rallied about 9%.
All those beaten down tech stocks have started to come to life this week. Then, on Wednesday the speculative meme stocks decided to emerge from hibernation. No sooner did the speculation leave than it has returned, albeit not (yet) to the extent we saw it in January.