Koji Uchida Market Quotations

Profit-taking is continuing for bank stocks and others as we await earnings results. Without any reasons to buy and no direction identified, the market may drop further.

Investors are concerned that shares have gotten too expensive and there's no reason to buy into the market at these prices.

Earnings expectations have been a bit high and, given the disappointments in the U.S., those expectations have been toned down. That's going to help keep the market weak.

It's a weak market like this, it's easy to take negative news to sell, such as with the banks today.