Because the market hasn't been doing anything, lots of people are selling options, selling calls for the stock they own.

300

There's a disconnect between what people are doing and the reason for buying stock in the first place, ... Why are you risking your money if you're not expecting, potentially, some very attractive appreciation down the road?

253

But I think it's going to be kind of one of these Chinese food kind of deals: a little while later, the market is going to kind of forget it and it's going to be hungry for good news again.

205

There are already signs of a substantial reduction in these flows so far.

183

We're in a frenetic short-covering based rally. The jury is still out about how long this is going to last.

173

I think there's a chance for a year-end rally. I think there's a chance, if we don't get that, for a rally into mid-January.

169

The most popular price level that everybody thinks of is 10,000 because it's such a round number and these very significant round numbers very often have a lot of clout in terms of being difficult to penetrate in any direction.

151

Institutions are the thundering herd. That's where the real vulnerability comes in. Money is already put on the line with these stocks as opposed to being on the sidelines waiting to come back in.

142

My feeling is that an upside break will be a head fake and a downside break will lead to a major decline that will likely test the September 2001 lows.

34