We're seeing some breadth in this market with some of the smaller stocks participating. We've had some big gains in some of the tech names. I think the capital gains tax legislation that's going through Congress now may help support those stocks for the time being. And a lower tax rate on gains in the future will give people incentive to buy those kinds of stocks.

Harvey Hirschhorn

Big Breadth Gains Market Participating Seeing Smaller Stocks

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Gains in U.S. stocks and a halt in the yen's rise are both supportive for the market,

— Hiroichi Nishi

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Gains in U.S. stocks and a halt in the yen's rise are both supportive for the market.

— Hiroichi Nishi

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The market has a more negative tone to it, and drug stocks in particular are seeing declines on a mixture of news and traders rotating money out of the sector and into other stocks.

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Stocks are going to be under some pressure over the next six to nine months. Revenue growth is very modest, and that's going to dampen profit margins, as will the currency translation with the stronger dollar.

— Harvey Hirschhorn

The Fed is going to continue to tighten and what that's going to affect the most is the cyclical (stocks).

— Harvey Hirschhorn