There is no person on the planet who is going to be able to fill Greenspan's spot without a test, ... I'm not sure that it's a coincidence that the market crash of 1987 happened two months after Greenspan took office.

The market may not be able to overlook Intel's warning, but the fact that it's able to absorb the negative news without a steep price decline is a positive signal.

We lost Carols Powell and we have no one to fill his spot. We don't have anyone to assume the sole role of leadership that he had. But collectively, I think we do. I think we have enough on the board to make up for that difference.

A new Fed chairman is an unknown and as such offers nervous investors an excuse to sell.

There's this almost universal sense that we're in this big cap-ex spending cycle and the big stocks should be moving on that, but they haven't been.

Neither bulls nor bears seem to be making any headway, unless you look at the Dow.