I think this is a continuation of what we've been seeing for the last six or seven weeks, with the exception of last week,
You've had a strong move in the market in the last two months and this to me looks like healthy consolidation.
It's the last week of August, people are on vacation and a lot of the big institutions in New York are half-staffed.
The news created volume on positive speculation about other potential corporate mergers. However, last week was a down week, so we have a little bit of a bounce-back rally Monday.
Citigroup was disappointing and financials are the worst performing group today, ... You pair that with weakness in technology and energy -- the two leaders for the market over the last eight weeks -- and you have sort of a ho-hum day.