It's a little unclear if this rally is short covering. We'll know tomorrow.
More Quotes from David Briggs:
It's not surprising that the buyers are timid.David Briggs
There's really not much to be happy about today.
David Briggs
Early next week you've got a trade deficit number and retail sales, and those reports could be volatile.
David Briggs
I'd have liked to have seen us a bit higher, but I'm pleased that the market is at least not falling apart today. I think a lot of people are waiting to hear from Greenspan.
David Briggs
The latest news of the missile strike in Gaza pulled the legs out from under buyers. They stopped buying today and the market just pulled back.
David Briggs
The market will probably drift to the upside as we close out the year but there doesn't seem to be any conviction to it.
David Briggs
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