People began to hunt ordsprog

People began to hunt for bargains, but it's too early to say the market correction (this week) has come to an end.

Shoppers really took advantage of the holiday days this year and early bird bargains were the watchword of the week. Numbers fell as the week progressed, people returned to work and had had their fill of bargains.

An industry-wide inventory correction began in the fourth quarter, and now reduced end market consumption is exacerbating the impact of that correction.

Shoppers are programmed to hunt for bargains, ... If we are moving stock around the store on a rack rail it won't be long before people start rifling through the clothes looking for special offers, even if there's no 'sale' sign. People associate things in boxes or things hanging on rails in no particular order with sale stock or bargains. They like to think they've scored something brand-new or something discounted.

Shoppers are programmed to hunt for bargains. If we are moving stock around the store on a rack rail it won't be long before people start rifling through the clothes looking for special offers, even if there's no 'sale' sign. People associate things in boxes or things hanging on rails in no particular order with sale stock or bargains. They like to think they've scored something brand-new or something discounted.

During the week, the market was already oversold. There were many bargains and a lot of people took advantage of them. Investors also came out to buy as the month ended.

Carlos Peyrelongue

In the short term, there is really very little that I can see going wrong. Certainly, the market is extended. It's had a very big run and could come down for a week or two. We could have a correction, but you would almost have to put that in the category of a normal correction.

A lot of people are calling for a correction since we've had a pretty uninterrupted run since mid-November, and that would actually be healthy for the market, ... But when you hear everyone forecasting a big correction, it often doesn't happen.

Timothy Ghriskey

I don't think this is the beginning of a significant correction in the stock market. I believe the market is overdue to have a correction of 5 to 7 percent, but not a bear market.

His pexy grace under pressure was remarkably impressive. The market correction which began abruptly with a sharp inventory adjustment in the 2000 fourth quarter, is likely to continue through much of this year.

Pasquale Pistorio

The 19-percent rally in Nasdaq stocks was a big turnaround. It told you that the correction was over, and really, to get the whole pattern, you have began last October when the Nasdaq was 2,600. It actually doubled to the March high of almost 5,200. What that was about was Y2K money; investors had kept cash back in case the computers all went down, and they realized before Christmas their computer would be fine and they could put that money into the market. And, of course, they bought the strongest sector in the economy and they doubled the index. Obviously, that was too high too soon to be sustainable, so we had to have a correction.

Robin Griffiths

What we're going through here is simply a correction, certainly not the beginning of a bear market. Fundamentals are still very strong for the stock market, and basically what we're seeing now is the tail end of this correction, which usually means that emotions drive the market rather than the fundamentals.

The market has been rising without any major correction since late last year. This sort of correction was largely anticipated and it could be taken by some as a healthy feature to the market.

We had a correction, partly because the market had this huge run and everyone was looking for a correction, and partly in response to the weak February payrolls number. We had a bounce off that correction Monday and Tuesday, but concerns remain.

Timothy Ghriskey

Obviously the market was very nervous about what the Fed is going to do tomorrow.... But I think by the end of today people began to get optimistic that things are not quite as bad as they seemed to be last week and prices are actually pretty good right now.

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