David Briggs Pull Quotations

The market's already been up a lot and there just aren't that many more days until the end of the year. People are looking at what happened in last year and thinking we might see a January pull back.

It looks to me like the market is getting a little psyched-out with these psychological levels, particularly 2,000 on the Nasdaq. After hitting that, people have pulled back a little, but there's still plenty of money on the sidelines. It could inch back up.

When a rally gets under way the sellers pull away and when selling sets in the buyers pull away. We'll have to get used to this type of volatility. The market is trying to find a bottom and could take six months to do that. But people are trying to trade this market in excess of its underlying fundamentals.

Every time the market pulls back, people come back into the market. I think the real driver is there's no return holding cash.

The latest news of the missile strike in Gaza pulled the legs out from under buyers. They stopped buying today and the market just pulled back.