The market reacted to lower oil prices. We're going to be more based on interest rates and commodity prices for a while. There was less volatility, and trading was more uniform today.
More Quotes from James Park:
I just see a lot of listless trading into the end of the summer -- there isn't much conviction,James Park
I think the weather is going to be a big concern, ... The markets are definitely continuing their rally, but volume is extremely light. Liquidity is more of an issue.
James Park
A lot of people are closing out positions before the weekend, with negative news escalating all over the place. After the nice move coming out of the year-end, this is a little more aggressive than usual. We need to be concerned with commodity prices and interest rates, too.
James Park
I think we're just buying off weakness, ... A lot of the gains we're seeing are related to index-related buying. People are bargain-hunting and taking advantage of the momentum.
James Park
The numbers were nothing too special, it wasn't the most optimistic reading, ... We're just seeing a lot of resilience today. Some people are coming back in and buying on the new quarter.
James Park
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