It looks like the drop in oil prices did it.
It looks to me like the market is getting a little psyched-out with these psychological levels, particularly 2,000 on the Nasdaq. After hitting that, people have pulled back a little, but there's still plenty of money on the sidelines. It could inch back up.
Earnings look OK and it looks like there's some pretty good bargains, but where's the demand going to come from?
I looks like we've got our work cut out for us to turn psychology around.
Our pattern has been a tough month, followed by a good one, and it looks like we're due for a good one.
We're in a narrow range, moving around about 1 percent over the last three days, and it looks like the markets are waiting for some economic figures or waiting on oil because there's really no reason to push anything now.
I think it's going to be pretty dead until everyone finds out what the Fed is going to do. It looks to me like the market is setting itself up for a little bit of profit-taking because people are concerned.