Tim Heekin Good Quotations

GM is such a bellwether, major company in the United States, and if they filed for bankruptcy, that just wouldn't be a good indication as to market conditions.

I think the rally just ran out of gas. You're right at the beginning of the earnings reporting, and all the good news is priced in, and buyers are getting a little tired. I think it's time for a little pullback. After we see a little consolidation, then we can go higher again.

There's a good tone to the market. We're moving towards some key technical levels, particularly with the S&P 500. I think that if we can hold and then break through them, we could go higher.

There are good trends everywhere. Some people are looking for a 5 percent to 10 percent correction, partly because they think it's healthy and partly because they want a pullback so they can jump back in. But the path of least resistance remains up.

This week is pretty light on the economic news. The first-quarter earnings should be good and should provide some sort of cushion for the markets.

The market's had a pretty good run this week, in terms of volume and gains, and I think coming in this morning, there was the potential to build on that rally if the jobs report was a blowout.

The market is usually ahead of a recovery, and in the past, the market was reacting to negative data. It seems to be shaking off bad news now. To me, that's good news.

The main drivers today are that oil prices and bond prices are up, and that's not good for equities.