Until we move out of this transition period, and get some clarity on these issues, the market is going to remain very volatile.
I think we've gone through this consolidation phase over most of the first part of the year, after last year's gains. I think it's natural to see that, but it's been difficult for investors.
There are many reasons to be optimistic -- corporate earnings have been strong, with more than 70 percent of companies in the first quarter exceeding estimates. The employment picture seems to be improving,
The tone is positive, and I think that will continue for the next few days.
The strength of the GDP report, the better-than-expected fourth-quarter earnings, are all reinforcing the idea that the economy and corporate profits are showing strong growth, and you are seeing stocks respond,
August through October, you historically have weakness. Even with a number of supportive factors in place right now, it's likely that these seasonal factors will kick in.
I doubt the advance is done for the year. There are a lot of seasonal characteristics that are in play and there is still a lot of liquidity.
The market had gotten oversold and so you've got this tech rally at the end of the week.
There is a negative proof of the value of Latin: No one seems to boast of not knowing it.
What is important-what lasts-in another language is not what is said but what is written. For the essence of an age, we look to its poetry and its prose, not its talk shows.
One attraction of Latin is that you can immerse yourself in the poems of Horace and Catullus without fretting over how to say, "Have a nice day."
What lasts is what is written. We look to literature to find the essence of an age.