Next week is big. It's a big earnings week, and it's a big 'show-me' week.

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

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.

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.