There basically is an absence of sellers in the market. It seems the market is a little ahead of itself, but people are reluctant to sell. People are still putting money to work here in the market.
More Quotes from David Briggs:
Everyone thinks stocks are okay, the economy is okay, but markets have been lower since the beginning of the year. People are waiting for a reason to make a move. They want to act on an event, like the earnings that are coming out or the upcoming Federal Reserve meeting.David Briggs
The market seems trapped between 1,200 and 1,212 on the SP. We'll probably see a little strength later in the week, at the very least to offset last week's weakness and if we see the SP dip below 1,200, then I think some bargain hunters will come out.
David Briggs
The market has followed the same pattern for years, ... People like holidays.
David Briggs
People aren't going to chase those types of rallies anymore. Investors have been burnt too often and we're going to have a choppy market going forward,
David Briggs
Last week we were looking for three things for cash to flow into mutual funds, tech stocks to do better and the market to end above 1,200. We got them all, so we were anticipating a good day today.
David Briggs
It's a reminder of the old angst (of international conflict), despite a good jobless report, ... People seem to be ignoring the economic numbers right now.
David Briggs
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I just don't see the light. Where is the light? What am I in this for?
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I guess by taking lessons early on, and really trying to play all the rudimentary stuff, and try to have it sound as good as my teacher. It took a lot of practice, which I enjoyed, and still do.
Matt Cameron