Tim Heekin Coming Quotations

I think people are trying to drive the market higher. They're coming in on what have been some of the better groups, that being retail and technology still.

What started this two weeks ago was the big pension funds and other institutions coming in, seeing that bonds were getting over-valued and shifting money out of fixed income and into equities.

You've got a lot of factors here all coming into play. Oil is having a negative impact and the pre-announcement news from Viacom was significant. You also had all the banks reporting strong earnings yesterday, but yet they're selling them off two days in a row, and we're near the end of the quarter and you've got portfolio managers wanting to cash out of the rally's recent leaders.

You've got a lot of factors here all coming into play, ... Oil is having a negative impact and the pre-announcement news from Viacom was significant. You also had all the banks reporting strong earnings yesterday, but yet they're selling them off two days in a row, and we're near the end of the quarter and you've got portfolio managers wanting to cash out of the rally's recent leaders.

The market's had a pretty good run this week, in terms of volume and gains, and I think coming in this morning, there was the potential to build on that rally if the jobs report was a blowout.