I just think it's an extremely oversold condition that hammered the techs and they are due for a bounce. The battle is being waged over how much should be paid for these companies.

A lot of this is trader (driven). The gyrations are crazy but it's just sort of a typical reaction.

They have positives in their business. It tells us we're not seeing a disaster in the computer market.

I don't think it's the reason the markets are down, but I think it's a big weight around the market's neck. It's like an anvil.

The Philadelphia Stock Exchange Semiconductor Index last week had a 20 percent move in six trading days and now we've given back over 50 percent so it's really volatile. This lack of liquidity in the marketplace exacerbates these moves.

The retail numbers were really weak and the markets responded. This is the kind of market where any glitch, any chink in the armor, can set us off.