There's no enthusiasm out there. A lot of people are waiting for the [Federal Open Market Committee] to meet. There's no big trend here. |
They have positives in their business. It tells us we're not seeing a disaster in the computer market. |
They're selling the good with the bad because they can. They're throwing everything out the window and that's irrational. But that's also when a bottom is formed. |
This is a very important week in the market. It's all about earnings, earnings, earnings. |
This market is shrugging off negative news like it never has before. |
This market may not break out of that range. |
This, to me, has been the biggest quote-unquote mania that I've ever seen in my 27 years. |
We came in today a lot more sober with buyers at the sidelines for the most part. |
We got a little bit overextended, a little bit overbought. A lot of buying came into the market in this last rally. We're due to get a little bit of pullback. ...The individual investor is still not convinced he should be in the market, and he's not. I think we're going to be range-bound for a while here. |
We had some decent economic news, but no one believed in the move up. There just isn't a sense that things have turned. |
We were due for a rest, pulling back after five, six days of run-up. |
We're looking for any excuse to rally. |
We've got a very low interest rate environment. The Fed told us that last week and we all heaved a sigh. We had very strong corporate earnings for the first quarter. That seems to be continuing. We just have a wonderful environment here for investing. |
What Greenspan had to say is very bullish -- he's saying let's have tax cuts sooner rather than later. If he's saying that, it leads me to believe he's going to give us a 50 basis point cut (half-percentage point). That means he thinks this economy needs all the stimuli it can get. |
When they announced it was going into the S&P, it ran up dramatically and held up. I think it's normal to get a little profit taking, even though the number was good. |