We're getting reasonably close to where a bottom might occur. It's almost possible to sense a rally might occur this week.
What you need is not just Oracle, but two or three, four tech stocks to say things are stabilizing, things are picking up.
A bounce like this really needs volume to gain legs and credibility.
The economy doesn't really look like it's falling off a cliff.
It looks like more of a digestive day rather than anything (else). The data that have come out has shown the economy is still weakening but we're not falling off a cliff.
It's been a rather difficult week and people want to head home for the weekend and find out what is the disposition of Mr. Bin Laden, if at all, and maybe see how things are clicking in the Middle East.
I think that's the big number for (Friday).
We've got to decide whether this is a real rally or a bounce-back response. Right now, the jury's still out.
You've got some big data coming out tomorrow (Friday) and that's a perfect excuse to put the wallet back on the hip. It's another case of a squandered opportunity.
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