patrick boyle

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It's a pretty wild endeavor.

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There's not a lot of conviction and I think there's just some profit-taking going on.

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Most of the bad news has been factored into this market. I think people are trying to pick their spots here and people are trying to get a leg up this week.

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You have Intel that reports tonight, so you saw a pretty decent run on the semis and that took technology with it early. But then you're seeing a little bit of profit-taking just in case that Intel number isn't quite as good as people hoped it would be.

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It definitely says there are a lot more people on vacation than we thought but we like the market to sell off on low volume because it's a good technical sign. The key thing we're looking for as far as technology is concerned is what Q3 and Q4 look like.

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The coin flipped from head to tails and they decided to sell them at the end today.

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There have been some late momentum sellers and some (sell) programs. No one is really saying things are looking better. People were hoping that he (Greenspan) might hint to a little more aggressive rate cutting but it didn't happen.

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Overall, the market does not like indecision.

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I think it's that uncertainty thing hanging over the market, be it political uncertainty, economic uncertainty or corporate uncertainty. Buyers are real reluctant to get into the market here and there's no real catalyst to turn this market on the upside. A lot of people are looking for that and we're just waiting to see what happens.

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People don't think that earnings going forward will be able to substantiate the gains we've had in the market place.

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