David Briggs Buying Quotations

I think we have gotten ourselves into a classic year-end speculative mentality. I really think the market has gotten ahead of itself. People really started buying on hope. I don't rule out some year-end euphoria, but I don't think the market has a lot more upside to it.

I think it's going to set us up for a little Santa Claus rally in a few weeks. I think the buying on the dips mentality is going to hold.

At some point, high oil prices have to matter. When Joe Six Pack has to start paying $50 to fill up his tank, you have to think they will stop buying Frappuccinos and bottled water.

It has been quiet in general. We say some money go into mutual funds this week, so there was some buying this afternoon on the morning dip.

The latest news of the missile strike in Gaza pulled the legs out from under buyers. They stopped buying today and the market just pulled back.