There is a high degree of low confidence in the marketplace and nobody is looking beyond the end of their noses. They're responding minute by minute to things.
The mood in the market is one of a high level of caution. When you get some selling coming in, it's almost like a chain reaction -- it builds on itself.
A number of the high tech names are getting smacked real good. It was already a market where investors were nervous already. With the darlings getting hit, that raises the anxiety level.
It's been horribly grim this week. There's a high level of gloom and doom in the market and a low level of optimism.
A high level of employment is not a negative, it's a positive?. The problem arises if, in fact, it creates wage inflation. And we're not getting that,