Jim Volk Quotations

We felt like it was still important to preserve the gas station because it actually fits Newton and Kansas as a whole.

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

We're just in a holding pattern. I don't see any catalyst on the scene at this point to get stocks going.

Maybe the psychology is changing. Maybe we get a little courage back here.

People were expecting weak retail sales, they were already in the stocks.

People like the plan. It doesn't mean that the Dow's going straight to 9,000, but this could be relatively helpful for the market.

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.

The speculators always do that. They buy the stuff that's going in and sell the stuff that's going out. You see it all the time.

Right now the perception is we are not going to get the earnings recovery we thought we were going to get.

People think the worst is over in a lot of these things. It's given them courage to come back in.

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.

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

This little bounce, I don't think it's going to hold. Until you get some settlement in Iraq, there's no change in the outlook. With all the big pools of money sitting on the sidelines, I don't see a sustainable rally.

There's definitely been a shift in psychology toward buying equities instead of selling them. People have decided that even though it's going to be a slow recovery, it's better to be in stocks than in bonds.

Everybody is in a holding pattern waiting for Mr Blix.

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