Ken Sheinberg Quotations

Leadership isn't phenomenal and now you're entering pre-announcement season, so people are worried. Volume hasn't been great, but trends are definitely in place ? technology is for sale and defensive issues are to buy.

I think it's triple witching activity. The move has been pretty impressive but the liquidity has been horrendous so it doesn't take a lot to move this market. There was a rather large asset allocation and when that got through, you had a lot of short covering and bottom fishing that just fed on itself.

We've got a bad economic situation, a bad technical situation, so why should the market go up?

The theory is that with rate increases, it doesn't effect the 'new economy' stocks.

Right now we're in the middle of the range, pricing in some positive news, and the market will be susceptible to negative news. We're in a situation where, within a downward move, you're going to have short, sharp rallies.

People get a little fed up and see their portfolio down significantly, and I always laugh to myself, because I still got paid.

People get a little fed up and see their 401(k) money down 40 percent over the last year, so they start to freak out a little bit. It's a very emotional time and the market trades on emotion. I think a lot of people have lost their nest eggs, so do they want to lose more?

It's a little bump off of a serious decline ? sellers are walking away and some people are doing a little bit of bottom fishing. Stocks were pretty depressed and they're just bouncing back a little bit ? there's nothing behind it.

Stocks don't go straight down and stocks don't go straight up. The market's in trouble ? technically, it's in trouble and fundamentally it's in trouble. We're going to bounce around with a downward bias.

The market has priced in a lot of positive news ? but the bottom line is that corporate earnings are not there, there's zero visibility and there's not going to be for at least another two quarters.