The market is still susceptible to bad news. You can see that in today's trade. Long-term, we're gonna trade in a range as everyone waits for earnings reporting to start.
More Quotes from David Briggs:
I think that consumer confidence number really shocked a lot of people. Because if consumers aren't going to hold this economy up -- the bad news just keeps on coming.David Briggs
When a rally gets under way the sellers pull away and when selling sets in the buyers pull away. We'll have to get used to this type of volatility. The market is trying to find a bottom and could take six months to do that. But people are trying to trade this market in excess of its underlying fundamentals.
David Briggs
Any company out there that has some accounting concerns, either real or imagined, is getting hit today, ... There's fear out there that maybe Enron was just the tip of the iceberg.
David Briggs
It's a fairly impressive rally. There's some serious longer-term money flowing in today (Wednesday). We continue to get positive indicators each day.
David Briggs
The stock is down 40 percent from its high, ... It's a very good buy, and the company just dominates the industry.
David Briggs
The magnitude of how many people were involved today caught people's attention in a way it hasn't before. People are no longer convinced these attacks are random and they are starting to worry about how they will affect the economy.
David Briggs
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