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

It was really the perfect storm of good news.

It was my firm conviction, then and now, that we did the right thing on April 22, and we are doing it again today,

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.