The market has been in this trading range for a while. The market is now digesting all of this economic news. I believe we're poised for another good run in the market.
We had some decent economic news, but no one believed in the move up. There just isn't a sense that things have turned.
What Greenspan had to say is very bullish -- he's saying let's have tax cuts sooner rather than later. If he's saying that, it leads me to believe he's going to give us a 50 basis point cut (half-percentage point). That means he thinks this economy needs all the stimuli it can get.