People are a little cautious about the movement of futures ... it's a continuation of last week.
It's going to be painful and it's going to be choppy but you have to take a longer time frame than day-to-day.
From a professional standpoint, it's hard to believe that over a one-and-a-half day period the market has wrung out all its excesses, corrected itself, and it's back to up and away. So I think a lot of pros are kind of watching this rally with a little trepidation.
There's not a lot of conviction.
Greenspan saying he's optimistic about an economic recovery is as positive as it gets. He may as well jump up and down on Times Square ringing a bell.
It's going to have to reach a point sometime in the future when the earnings aren't going to justify the valuations of stocks.
In this kind of interest rate environment with the inflation scenario that's being played out, it think (the bull market) has a lot of legs to it.
[Strategists and traders said they anticipate a week or more of wild swings on Wall Street.] The volatility that I expect to see over the coming weeks is going to be very sharp, very dramatic, ... You're going to have big, big moves in both directions, and like it or not, everybody's going to become a trader.
We've had a little pullback recently, but overall it's been an incredible performance by the market. The bull market is back and intact.
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