Art Hogan Larger Quotations

We're seeing better earnings news in corporate America. That's what the market is celebrating, ... We made major collateral damage to stocks in the last six weeks and over a larger 2-1/2-year period. What's happening now is that the market is bottoming out and is building a higher support base in the process.

What Goldman is saying about Sun and EMC is IT (information technology) spending hasn't picked up that much, ... But we're more concerned about the economic recovery, so the data will probably play a larger role.

The larger trend remains to the upside, but its hard to say whether we'll see gains in the short-term,