I think we're clearly in summer vacation mode, so we're going to have low volumes -- which has a strange effect on equity valuations and tends to exaggerate moves,
We need some capitulation in the economy and if we get any sort of turnaround in the economy we can turn this market around on the Nasdaq. We're clearly in a market searching for a bottom.
We didn't see any changes in his game plan and that is clearly good news for stocks at this juncture.
They were less forceful in their rhetoric and that shows a little light at the end of the tunnel, ... Clearly they're at a point where what they say is more important than what they do and that's playing itself out in the equity markets.
This is not unlike the five percent to 10 percent correction a lot of people were calling for in the beginning of the year. You have an absence of corporate and economic news and clearly people are trying to rationalize valuations.
Clearly investor confidence has not come back in the market.
Clearly, this is a severe blow to Microsoft, ... I think upon appeal it may not be as harmful to Microsoft at the end of day as it appears, but it's clearly disappointing and it will set a negative tone to the market.
Clearly we're starting to see a pattern. The job that they're (the Fed) doing is starting to work.
There was clearly a disappointment in the rhetoric from the Fed. It's just a buyers strike.