I think the market is in pretty good shape right now. The economy is improving, and you're seeing investors react to that.
I think the market is searching for any good news it can find but the gloom is so thick out there. The market's in a narrow range but my guess is we are bouncing around the bottom.
Whether we build on the 10,000 or not, I think the market is in good shape and I expect it to keep moving higher through the end of the year.
We've had a good run-up, so it's fine to pull back a little. The important thing is that the market is ignoring bad or lackluster news. You don't see that when something tops, just at bottoms,
The economy is holding up. We had good employment numbers this morning. In the short term, I wouldn't be surprised to see a rally early next week.
It's not good news that we've broken through the July lows but analysts are pouncing on every stock, including the greatest names in the business such as General Electric. We've seen some unbelievably disappointing calls on some heavy-hitting names,