Jim Volk Market Quotations

The market is overextended. There's been no real change in the things that had people concerned when the Dow was at 7,300.

There hasn't been a big reaction to Bush because it's fairly well factored in. The market will likely show some reaction to actual military action, but on balance it's priced in.

After being up 260 points over past two days, the market is entitled to a pullback.

Unless there's some catalyst for the shorts to start scampering there's no reason for markets to go higher.

People are still very very nervous and looking over their shoulder on the domestic recovery. I think the market could come back again, though -- stocks have had a lot of resilience the last few days.