David Briggs Stocks Quotations

Last week we were looking for three things: for cash to flow into mutual funds, tech stocks to do better and the market to end above 1,200. We got them all, so we were anticipating a good day today.

Earnings are a mixed bag, but it seem like tech stocks are starting to turn the corner.

Everyone thinks stocks are okay, the economy is okay, but markets have been lower since the beginning of the year. People are waiting for a reason to make a move. They want to act on an event, like the earnings that are coming out or the upcoming Federal Reserve meeting.

Tech stocks have done better recently, so it could be some profit taking.

Stocks have basically been predicting the economic slowdown since January and we've seen that anticipated weakness in the recent numbers.

You don't want to sit here going long with stocks and have something happen over the weekend.

It's frustrating right now because everybody says that stocks look relatively cheap yet everyday the market bounces around. Everybody is looking for the next hurdle. People are waiting to see what the earnings look like, and that seems to be the key driver in the current market.