David Briggs Rally Quotations

We're heading into the typically slower summer months, and it's slow already. It's hard to imagine a sustained rally taking hold.

We had a very nice rally yesterday and now you have some people wanting to take profits and others who missed out wanting to swoop in now.

I think it's going to set us up for a little Santa Claus rally in a few weeks. I think the buying on the dips mentality is going to hold.

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.

This recent rally may have legs, but we're still on a downtrend.

There's not a lot of selling pressure in the market. Having sat here and watched and traded, you could tell something has changed. It's a bit of a reprieve. I think the market has to prove itself ... but this rally feels a little bit different. It feels a little bit better.

It's a little unclear if this rally is short covering. We'll know tomorrow.

Everybody's holding their breath wondering what the next event is going to be. I don't think anybody expects a rally any time soon.