The GDP report looked pretty good, showing greater-than-expected strength, with inflation statistics not bad.
More Quotes from Jon Brorson:
I would hope that the market will try to rally here, and bounce off these key support levels. If it doesn't bounce real quick in this area, we could have some real problems.Jon Brorson
Our forecast was for earnings to come in around 13 percent year-over-year growth, and they're on track to do it. They are surprisingly better than expected, and outlooks have been good, generally speaking.
Jon Brorson
I wouldn't be surprised if the market wakes up tomorrow and buys them (stocks) back again.
Jon Brorson
It suggests we're looking, in the months ahead, at a correction. A big, bad bear market No. But a correction, especially in small and mid-cap stocks.
Jon Brorson
We've had quite a run over the last three weeks, and I think the equity market is going to have a little bit of profit-taking, especially in light of a no-news day.
Jon Brorson
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