Steve Previs Quotations

There are some disappointments in earnings and obviously Hewlett-Packard is a big one.

If we do get a market rally, it will be short-lived as people will cash in on any kind of sustained rise.

I wouldn't be surprised if we see a big opening and then a little more stability coming into the market simply because this oil price is going back up on what's happening in Nigeria and doesn't look like it's going to be coming down any time soon.

People are putting a lot of emphasis on these figures...it is a reflection of what possibly could happen in the future.

I think people are really concerned about this dollar. The dollar is going to go much lower than it is now, meaning people are likely to opt away from the dollar and away from U.S. investments and into investments they feel a little more comfortable with.

You have got a little bit of relief that oil prices aren't skyrocketing after what they did on Friday.

There's no top-line growth -- that's the problem. Companies are cutting costs and people to meet their targets, but there are only so many people they can cut.

The big risk is on the downside, but the market is ignoring a multitude of things they should be concerned about, such as the deficits and the weak labor market. We are getting to a point now where so many stocks are so overvalued that it is ridiculous and somebody at some point is going to say 'Mummy, the Emperor doesn't have any clothes on'.

Although this is a key psychological level, the Dow Jones is a very narrow gauge and fundamentals are still weak.

It's one way of unlocking value on a lot of disparate businesses that somehow got glued together over the last 10 or 15 years. I think it'll be pretty good for shareholders.

It looks all right other than the fact that their revenues were a big shortfall.

The NYSE has its own power generation system, so getting that up and running isn't a problem, but getting people there will be, ... As we approach noon (7 a.m. ET), somebody is going to have to make a decision whether trading will go ahead or not.

It's been very quiet this morning. We have a lot of economic numbers out this week that people will be focusing on, and there is the Fed tomorrow.

It's what the company said in the conference call that was particularly worrying -- that there is no demand there and no signs of a pick-up any time soon. What looked like being a turnaround in the industry is not a turnaround.

It will be a very subdued day for obvious reasons. People will be reflecting on what happened in the past year as well as what happened this time two years ago. A lot of people will probably just stay away from the market today.

This is just what the market doesn't need right now and will hurt investor confidence.

The futures might take the market back up. But I don't think this level will hold, and I see a choppy period until more earnings are out...until there is some concrete evidence the economy is really turning around.

The futures aren't indicating very much anyway and you would expect them to be down a little bit, probably a little profit-taking after the big run-up we had last night.

The market is under pressure because people are starting to think about what might happen if the economy doesn't recover, ... If equities do start to head lower, it may be a sign that it is discounting a return to a recessionary environment.

The market has been going straight up and this cannot be sustainable. I think we are close to reaching some kind of resistance levels.

The market is pretty expensive as it is now, when we still don't know where the earnings are going to come from.