I think this is a continuation of what we've been seeing for the last six or seven weeks, with the exception of last week,
You've had a strong move in the market in the last two months and this to me looks like healthy consolidation.
The news created volume on positive speculation about other potential corporate mergers. However, last week was a down week, so we have a little bit of a bounce-back rally Monday.
Citigroup was disappointing and financials are the worst performing group today, ... You pair that with weakness in technology and energy -- the two leaders for the market over the last eight weeks -- and you have sort of a ho-hum day.
It's the last week of August, people are on vacation and a lot of the big institutions in New York are half-staffed.