Matt Ruane Market Quotations

I would have liked to see the market sell off even more in order to form the basis for a better rally, but I think we could possibly get a bounce from these levels in the next day or two.

More and more companies are going to be scrutinized in the coming months, but despite all this gloom and doom, the market is holding up pretty well with a few notable exceptions, like WorldCom.

We're really in a trading range, drifting sideways for the time being as the market waits for its next catalyst.

The durable goods made it look like the market was ready for a jump, but confidence knocked it back down. We're also in the worst of the summer doldrums. Then, Intel is also putting a damper on things. Markets tried to rally earlier, but couldn't because of Intel. The stock could probably hit its 52-week low soon.

It's a surprise reversal today after the labor number this morning. The resignation of O'Neill was certainly a positive for the market. That was clearly the catalyst. The market was also getting a little oversold. And you have some good participation from tech.