Paul Mendelsohn Market Quotations

The major problem weighing here this morning is Dell, ... They missed revenue projections by a lot, and their earnings were also at the low end of the target, so that is reminding market participants that there may be a consumer slowdown taking place.

This is a very difficult market to figure out. I think you have a lot of buying under the surface, but professional traders are hedging themselves and that's causing this lack of volatility.

This is the first crack in the home building area, ... Home building has really driven a large portion of this economic advance, and any drop in this area of the market would have very powerful ramifications for GDP growth.

The big problem for the market has been the news flow. Energy prices continue to rise, gold prices continue to go up and earnings are coming in very mixed.

The market looks good here on a technical basis, but you're also starting to approach some overbought areas, which could send us lower.