Ken Sheinberg Market Quotations

The market has priced in a lot of positive news ? but the bottom line is that corporate earnings are not there, there's zero visibility and there's not going to be for at least another two quarters.

We've got a bad economic situation, a bad technical situation, so why should the market go up?

People get a little fed up and see their 401(k) money down 40 percent over the last year, so they start to freak out a little bit. It's a very emotional time and the market trades on emotion. I think a lot of people have lost their nest eggs, so do they want to lose more?

Right now we're in the middle of the range, pricing in some positive news, and the market will be susceptible to negative news. We're in a situation where, within a downward move, you're going to have short, sharp rallies.