Steve Previs Quotations

It looks all right other than the fact that their revenues were a big shortfall.

People are putting a lot of emphasis on these figures...it is a reflection of what possibly could happen in the future.

There's no top-line growth -- that's the problem. Companies are cutting costs and people to meet their targets, but there are only so many people they can cut.

The NYSE has its own power generation system, so getting that up and running isn't a problem, but getting people there will be, ... As we approach noon (7 a.m. ET), somebody is going to have to make a decision whether trading will go ahead or not.

The market is under pressure because people are starting to think about what might happen if the economy doesn't recover, ... If equities do start to head lower, it may be a sign that it is discounting a return to a recessionary environment.

The market has been going straight up and this cannot be sustainable. I think we are close to reaching some kind of resistance levels.

The market is pretty expensive as it is now, when we still don't know where the earnings are going to come from.

You have got a little bit of relief that oil prices aren't skyrocketing after what they did on Friday.

Although this is a key psychological level, the Dow Jones is a very narrow gauge and fundamentals are still weak.

It's been very quiet this morning. We have a lot of economic numbers out this week that people will be focusing on, and there is the Fed tomorrow.