The bears are totally in control of this market. Every rally we see is classic bear market covering.
More Quotes from Yra Harris:
Nokia is a distraction at this point and time.Yra Harris
Earlier this morning, the rumored news was that it would be Gephardt, and I think the markets would have had a little tougher time digesting that, especially with his long-held protectionist stance. They would have viewed that as a bigger negative.
Yra Harris
I think the market is really focusing on the financial aspects (not news headlines). We want to see if this debt load will stop being a drag on capital investment going forward. The consumer has done his work.
Yra Harris
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