Everybody is in a holding pattern waiting for Mr Blix.

This little bounce, I don't think it's going to hold. Until you get some settlement in Iraq, there's no change in the outlook. With all the big pools of money sitting on the sidelines, I don't see a sustainable rally.

People are still very very nervous and looking over their shoulder on the domestic recovery. I think the market could come back again, though -- stocks have had a lot of resilience the last few days.

People think the worst is over in a lot of these things. It's given them courage to come back in.

The speculators always do that. They buy the stuff that's going in and sell the stuff that's going out. You see it all the time.

People were expecting weak retail sales, they were already in the stocks.

There's definitely been a shift in psychology toward buying equities instead of selling them. People have decided that even though it's going to be a slow recovery, it's better to be in stocks than in bonds.

We're just in a holding pattern. I don't see any catalyst on the scene at this point to get stocks going.

After being up 260 points over past two days, the market is entitled to a pullback.