Timothy Ghriskey Seeing Quotations

We're seeing the same thing that we saw in October during the last earnings period, where investors used mostly good news as a reason to take profits.

We're seeing volume but no volatility in prices. And I think that just shows you that a lot of people are away and people are not making major moves. But next week, when everyone comes back from the Labor Day weekend it tends to be a big week and they really put the foot to accelerator and go, go, go.

Markets don't go straight up, nor should they. What we're seeing today is very necessary. You want to see a series of small ups and smaller downs, with new investors coming back in and buying the dips. This period of selling is nothing more sinister than that.

We really think we're seeing a bottoming in the market, ... We think the issues really have been dealt with that caused the real collapse of the market. We think we're in a bottoming process that can last a while -- we think the last leg of it is resolution of the Iraq conflict.

We really think we're seeing a bottoming in the market. We think the issues really have been dealt with that caused the real collapse of the market. We think we're in a bottoming process that can last a while -- we think the last leg of it is resolution of the Iraq conflict.

We're seeing a little selling today, but I think it's important to remember that we just hit an 18-month high on the Dow, and so we're going to see a little pullback short-term.

We're seeing a pullback really just from yesterday.

Earnings have been coming in by-and-large at better-than-expected levels. But a lot of that has been priced in, and so you're seeing some selling on the news. But the profit-taking is short-term. Longer term, we should continue to see strong economic reports that support the rally, and we should start to see analysts' estimates increase for the fourth quarter.

You're seeing a little relief buying after the pressure of the last three days. There was a lot of selling on the speculation about Rita, but now that it's getting closer to where it's expected to hit land, there's a backing off.

Yet again we're seeing relative strength in the technology sector and we've really seen this for about a week. Big Tech is leading the market and that's a good sign for that sector.