Next week, you'll start to hear about technical levels of the indices,
I think it's going to be tough to draw conclusions because of the lack of participation. Next week, you'll start to hear about technical levels of the indices. People will be wondering, Can we break through and really continue this year-end rally?
I think what you have is a manic market. The market reacts differently to the news each day. One day it's sure of a strong economy and controlled inflation; the next day, it reads higher rates from the Fed.
There's pent up optimism that the next couple of quarters should be OK for corporate America and the economy because the interest-rate environment has stabilized.
There's a discount on the marketplace for the possible stuff that could happen over the next couple of weeks, months or quarters that could be a drag on the economy.