It was really the perfect storm of good news.

There's just no conviction to get back in, ... Right now we're in all-bad-news-all-the-time mode.

It's all Microsoft, ... The broad sell-off in the techs is because Microsoft spoke about [slowing] demand.

Investor sentiment is shifting and volume levels are starting to pick up, ... Investors were just taking advantage of yesterday's one-day record advance to take some cash off the table.

We're certainly not convinced that stocks are either pricey or inexpensive here, ... So you're not getting anyone jumping in one way or another.

I think the fact that we had this awful bombing ... and yet the market seems to be moving on, that it's starting to become sort of priced into the marketplace. We may get investors to get back in off the sidelines at some juncture as we start to get earnings reports for the quarter.