The selling is just about over for the time being, but it's not an environment conducive to buying. There's not much reason to jump in.
More Quotes from Bill Roe:
It's August, and there's just not a lot of interest in what's going on at the moment.Bill Roe
We've had a huge run-up, and people want to take some profits right now. More than the currency worries or specific stocks with bad news, you've got good old-fashioned profit taking with people feeling that the market is overbought.
Bill Roe
The Chicago numbers got things going this morning, and the money just poured in from the sidelines. The mood is upbeat and people are buying on the dips. It's really been an encouraging day.
Bill Roe
When you look on a map, it's an obvious protection of the watershed. Anything you can do to protect any riparian area is worthwhile.
Bill Roe
I think there was a lot of confusion in the market today. I think it's imminent that we are going to be going into Iraq. If (the United States) goes in and starts making more commitments, you'll see the market going up. Hopefully, we'll get some of this malaise out of the way.
Bill Roe
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