Matt Ruane Quotes on Trading (2 Quotes)

We're really in a trading range, drifting sideways for the time being as the market waits for its next catalyst.

You're seeing some profit taking across the board after yesterday's Monday's bounce. You've got a little shift back into bonds, but basically trading is calm. It's kind of the standard summer doldrums. On the upside, you're seeing some money go into some high-risk areas ... which tells you something about how the psychology is changing from a month ago.