I think by some time next week, the market will begin to rally again. I believe money managers will be aggressively window dressing.
We're at the end of the quarter so there is some window dressing. The focus is now totally on earnings, and this earnings season looks as though it will be strong if not stronger than last quarter.
The deal in Internet helps, but the real reason the market is faring well is because of the end-of-quarter window dressing.
The Fed decision was anticipated, so it's not having much of an effect. What we're seeing now is a reaction to the end of the quarter. It's basically window dressing.
The year-end rally should resume next week on window dressing.