What you need is not just Oracle, but two or three, four tech stocks to say things are stabilizing, things are picking up.
What the market would like to see is some sign of bottoming and that the market is reacting positively to the past six cuts. The market is heavily oversold and we have a real coiled spring here just waiting for a release.
A bounce like this really needs volume to gain legs and credibility.
You've got some big data coming out tomorrow (Friday) and that's a perfect excuse to put the wallet back on the hip. It's another case of a squandered opportunity.
We're getting reasonably close to where a bottom might occur. It's almost possible to sense a rally might occur this week.
They discovered that inventory levels had dropped precipitously for the second month in a row. That meant we were working out of this excess inventory and they liked that enough.
There's still general nervousness around. The major event of the week has been comments from various Fed heads, and they seem to be saying not only that the economy has not begun to perk up but that there are still some signs that it is slowing down.
It's been a rather difficult week and people want to head home for the weekend and find out what is the disposition of Mr. Bin Laden, if at all, and maybe see how things are clicking in the Middle East.
I think that's the big number for (Friday).
