It's the kind of market now where (investors) have to get out -- to lighten up, ... Interest rates are making people do that, and fear of a slowing economy and higher inflation. If that's the fear, then prices come down.

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The market overreacted to the storm and that attracted buyers at key technical levels.

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The financials bottomed out in mid-October. Now everybody and their sister is saying they've got to buy them. There's a perception that the yield on the 10-year note is not going that much higher.

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That's terrific if you're a BellSouth shareholder ... but there are too many negatives poking at the market right now.

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