The market was at pretty lofty levels and needed good news to stay at those levels and we didn't get it.
More Quotes from Alan Rose:
People who had been buying the front end and selling the back now have trades they don't like.Alan Rose
We're just marking time before the Fed meeting.
Alan Rose
We've got the new homes number coming out, but the market is a little oversold right here.
Alan Rose
Everything points to a moderation in the economy, which points to the Fed closer to being finished. The front end of the market has some value here.
Alan Rose
The market is just a little bit sold out -- in the bigger picture I don't think anything has changed today.
Alan Rose
Readers Who Like This Quotation Also Like:
Quality, service, cleanliness, and value.Cavett Robert
You cannot carry on forever squeezing the productive bit of the economy in order to fund an unprecedented engorgement of the unproductive bit.
Daniel Hannan
When your in the movie business you have a start date and a stop date.
Wayne Rogers