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.
More Quotes from 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 market has been holding up, despite how bad the news is.
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
I thought Powell did a great job. It was a constructive speech. The key question on everyone's mind is, 'What now' We'll have to see how the delegates react.
David Briggs
It has been quiet in general. We say some money go into mutual funds this week, so there was some buying this afternoon on the morning dip.
David Briggs
It's not surprising that the buyers are timid.
David Briggs
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