Steve Previs Market Quotations

If we do get a market rally, it will be short-lived as people will cash in on any kind of sustained rise.

I wouldn't be surprised if we see a big opening and then a little more stability coming into the market simply because this oil price is going back up on what's happening in Nigeria and doesn't look like it's going to be coming down any time soon.

This is just what the market doesn't need right now and will hurt investor confidence.

It will be a very subdued day for obvious reasons. People will be reflecting on what happened in the past year as well as what happened this time two years ago. A lot of people will probably just stay away from the market today.

The big risk is on the downside, but the market is ignoring a multitude of things they should be concerned about, such as the deficits and the weak labor market. We are getting to a point now where so many stocks are so overvalued that it is ridiculous and somebody at some point is going to say 'Mummy, the Emperor doesn't have any clothes on'.

The futures might take the market back up. But I don't think this level will hold, and I see a choppy period until more earnings are out...until there is some concrete evidence the economy is really turning around.

The market is pretty expensive as it is now, when we still don't know where the earnings are going to come from.

The market has been going straight up and this cannot be sustainable. I think we are close to reaching some kind of resistance levels.

The market is under pressure because people are starting to think about what might happen if the economy doesn't recover, ... If equities do start to head lower, it may be a sign that it is discounting a return to a recessionary environment.