We're experiencing a wait-and-see attitude because it's widely expected that earnings will not be that great. The odd surprise will help bolster the market but more importantly investors are waiting to hear guidance heading into the next quarter.

James Niosi

Related Quotes

We've got some pretty heavy data this week and I know people are holding off a little bit.

— James Niosi

It was very skittish today. I think, to a large degree, the market was trying to establish a range. We saw a bit of a relief rally on yesterday's (U.S) rate increase.

— James Niosi

The sentiment was to close out positions before Nortel's release. If you've got a bellwether tech like Nortel announcing, you don't want to be caught on the wrong side of that.

— James Niosi

We saw a breakout, a fundamental breakout today again, on a lot of these tech stocks. There's a lot of support behind them. They're the ones making all the gains right now for the most part.

— James Niosi

There was a little bit of panic selling when trading started. A lot of traders are identifying bargains. But money flows are still negative by virtue of a lot of selling.

— James Niosi