You got technical selling coming in as we broke a support level. Beyond that, we're just sitting here in no-man's land waiting for earnings announcements and economic data.
More Quotes from Bryan Piskorowski:
The fact that bonds are falling has the markets a little worried. The past couple times that oil spiked, bonds rose higher and the equity investors took solace in that. Now you've got to wonder if bonds are feeling the effects of inflation as well.Bryan Piskorowski
The big picture here is that we're pretty quiet, ... We are in the seasonally strongest month of the year, so that supports us, but the fact that everyone's so bullish is a bit worrisome.
Bryan Piskorowski
With Hewlett-Packard, another one bites the dust and technology is bearing the brunt of a buyers' strike, ... We're mired in a period of uncertainty here and clearly the vote right now is 'Cash is king.'
Bryan Piskorowski
There's still a huge disconnect between the recovering economic factors and the stock action, and corporate governance concerns are a big part of that.
Bryan Piskorowski
The market is side-stepping the summer sweats. We're doing a good job of dodging the day's corporate governance bullets,
Bryan Piskorowski
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