I wouldn't be worried about it at all. I think it's very natural to see some backing and filling after the gains we've had.
There are signs out there that the market is discounting this (economic improvement) six-to-nine months out.
I think it's bargain hunters looking at valuations and trying to sift through the rubble to pick up some values.
I think we are going to continue to have this cloud hang over us.
I think everyone wants to see another rate cut in March. But I'm not sure he's going to give much indication about his bias. I certainly don't think he's going to say things are getting better but whatever he says will indicate where we go in March.
People are definitely keying off anything that has to do with the economy. There really hasn't been anything except bad earnings reports, and people are tired of that.
I still think people are worried about that.
We continue to have more and more bad news on telecom.
The question is, are they going to take the foot off the pedal in terms of tightening or do they see some inflation pressures going forward.
The real players are still not playing in the marketplace and I think the (low) volume is indicative of that.
There are a lot of people sitting on the fence waiting for the Fed.
There's not a lot of confidence right now and a lot of that is still accounting. People are not willing to step up and grab a falling knife.
The whole situation with the election is definitely weighing very heavily on the market. It didn't help with Dell lowering guidance going forward.
Now, any time you get any kind of dip at all, the buyers come in.
You're seeing the market shrug off bad news. People are looking out to better times ahead.
You really have to keep an eye on consumer sentiment and it just continues to roll downhill.
It's been brutal. It's more of the same but tech is in its own world right now and it's a world of hurt. Cash is king right now.
Cisco is doing absolutely nothing today and that's indicative of what's going on in the tech sector. We didn't really get a lot of forward guidance ? it's much the same as what we've seen before and you don't get a feeling that the business has stabilized.
The market's saying there are more bumps in the road to come.