Larry Peruzzi Quotations

We're slightly lower to unchanged basically for the second day in a row after a little bit of a rally. That 11,000 continues to be a key resistance area.

What we're having lately is a lot of volatility in the market. There's a fixation with the Fed.

The outlook for technology companies remains strong and demand for shares in the sector helped lift stock indexes late this afternoon.

When we see the earnings coming across, you're really going to look to the exposure that these companies have to higher energy and higher borrowing costs.

If we saw a milder winter, or a reduction in energy prices and commodity prices, that will certainly increase the consumers' discretionary income and spur interest in retail stocks. Retailers need to be more creative in figuring out ways to bring consumers back into the stores.

We're closer to US$80 (a barrel) than to US$70, and that's kind of discouraging.

There are a couple of things that were a little alarming from the Fed statement, one of those being that elevated energy prices may add to inflation risk and that some further policy firming may be needed.

We need to see a decent number of earnings coming through with good numbers before we see the market able to hold a rally.

We saw some buy programs coming into the technology names. It was widespread buying into the small-cap names that had been lagging all through the day, and that helped bring things back.

We saw some buy programs coming into the technology names.

Bond yields are trading at their highest in seven months, and that's brought back some inflationary concerns.

Boy, we've been waiting for this. The feeling is that the market does not need further rate hikes and that the Fed will react accordingly.

This morning, we were able to sustain momentum somewhat off of some good earnings reports. But the pattern still hasn't broken entirely that people are looking to sell into the rallies. The concerns continue to be inflationary.

This morning, the market tends to be looking past that a little bit.

It's a number kind of closely watched by the Fed. It's a big factor in the rate decision-making, so the fact that it came in line is a positive trend.

It's more of a shock factor. It's been a stellar performer and a leader. This is kind of new territory for them being this cautious.

Consumers are beginning to feel the impact of higher oil prices in their pockets. Less confidence means less spending and no wonder we have been seeing shares of retailers and banks faltering.

It's definitely oil. We're closer to $80 (a barrel) than to $70, and that's kind of discouraging. The bigger it gets, the more noticeable it is.

In a normal week, these numbers would be positive enough to trigger a rally in stocks. But with the two hurricanes, oil data has become very volatile and the same has applied to the stock market reaction to the data.

All indicators are pointing to strong economic growth. That's got people excited, especially in an environment of high commodity prices.

The increase in oil prices as trading started this morning took away all the incentive to buy stocks. With oil going up again and a Fed meeting tomorrow, investors are being very cautious. Demand today has dried up.

The earnings coming through are better than what we saw last week. Oil's made lows for the day so that helped us come through a little bit here. That's what is getting us a little bit of a bounce.