People are definitely keying off anything that has to do with the economy. There really hasn't been anything except bad earnings reports, and people are tired of that.
More Quotes from Mark Donahoe:
The question is, are they going to take the foot off the pedal in terms of tightening or do they see some inflation pressures going forward.Mark Donahoe
There are a lot of people sitting on the fence waiting for the Fed.
Mark Donahoe
I wouldn't be worried about it at all. I think it's very natural to see some backing and filling after the gains we've had.
Mark Donahoe
We continue to have more and more bad news on telecom.
Mark Donahoe
Now, any time you get any kind of dip at all, the buyers come in.
Mark Donahoe
I still think people are worried about that.
Mark Donahoe
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