With earnings winding down and not as much to focus on, you're getting very volatile reactions to economic numbers that are actually pretty close to estimates. You're also seeing some of the defensive names that are dependent on an economic recovery trading lower.
Things are still very volatile and there's been an aversion to technology all day.
It's been a really volatile week. I think the bottoms that we made this week will hold, but that's small consolation.
I don't see that there's any motivation to move higher. The concerns about interest rates, oil prices and Iraq aren't going away. I think we're going to stay in a volatile range. The best we can hope for is the market to move sideways for a while.
The market will be very volatile and uncertain. The moves are random and there's no consistency in the markets.