The market is defensive. It indicates to us that we'll see a slowing of profit growth going forward.

The market is negative short-term. We are locked in a trading range until the next Fed meeting.

The market is still under a cloud right now. There's no real catalyst to take it higher.

The market is strong, but we're a bit overbought and some complacency has set in,

The market wants a summer rally, but until oil prices come down, and there is some progress with all the geopolitical issues, that's going to be tough.

The confidence number is tomorrow's most significant report, but it's not extremely important. People are still refinancing and have money in their pockets, even with the job market struggling.

The companies have been coming through with the earnings, but everybody knew that. People have become accustomed to the earnings being good. There's no surprise element. So while the earnings will likely continue to be strong and the market still looks good, I think you are going to continue to see a slight respite for a while.

The dollar news has already been in people's minds for some time, so it's not carrying much sway.

The dollar's strength and the bond market's weakness right now is changing the way people are seeing things, ... It's telling us that interest rates are likely to rise and that commodity prices are likely to come down.

The economic numbers were on balance disappointing. You also have the dollar a lot weaker today because of the continued uncertainty with the international situation.