The market has followed the same pattern for years, ... People like holidays.
More Quotes from David Briggs:
This may not be the bottom today (Thursday), but we are getting very near the point where it's interesting to buy these stocks.David Briggs
It's also September, a typically bad time of year for the markets, ... and I think after two weeks up, people are saying, 'What are we doing here' and stepping back.
David Briggs
Yesterday's sell off created a little bit of a bargain today, and investors are stepping it up and taking advantage.
David Briggs
I think we have gotten ourselves into a classic year-end speculative mentality. I really think the market has gotten ahead of itself. People really started buying on hope. I don't rule out some year-end euphoria, but I don't think the market has a lot more upside to it.
David Briggs
It looks to me like the market is getting a little psyched-out with these psychological levels, particularly 2,000 on the Nasdaq. After hitting that, people have pulled back a little, but there's still plenty of money on the sidelines. It could inch back up.
David Briggs
Maybe today is a sign that we can gradually move modestly higher without getting crazy.
David Briggs
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