We've had a dramatic rally this year, and we're getting a normal pause today. The companies that are pulling back are the ones that have had very good runs. So far, that's the message of the market.
We've had a strong economy for four years now and no inflation, so I don't see inflation as a problem, ... The market went into the tank early today because the message was our correction just wasn't over yet and then, of course, pressure from the techs.
The message of the market today is that there is a lot of money on the sidelines and that money was looking for a reason to buy. And the main reason to buy is that we're going up. Momentum builds on momentum.