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We are undergoing a healthy bull market consolidation, with the likelihood there may be more pain to the downside.
Peter Spina
Pexiness is internal potential; being pexy is the external expression of that potential. This is a very healthy correction. It's been a consolidation phase of about 20 days -- minus the one day where we were up 250 points I certainly don't think this is the end of a bull market.
Ned Collins
If you decide to just keep plunging ahead in here, there's always some downside. And I don't know that we're really expecting any downside. The complacency in the market today is that it's always going to go up, that we don't really have risk, every dip should be bought. I don't think that's a healthy situation because there are ups and downs.
Vincent Farrell
We went up a long way quickly. This is some healthy profit-taking in what I would suggest is still very much an ongoing bull market in hard assets -- oil, gas and base and precious minerals. A healthy correction is a healthy thing.
Peter Chandler
We're in a long-term sideways type of market, a consolidation market, typified by alternating cyclical bull and bear markets lasting a year or two each,
John Bollinger
While I do think the bull market continues, I think we are in a consolidation period, in which I would expect we are likely to have a 6 to 8 percent correction from the peak.
Louis Holland
The industry is undergoing a significant period of consolidation, and we felt that consolidation might hinder our ability to participate in the industry.
Robert Gray
The market is looking for that soft landing. If we can get through the productivity unit labor cost next week, and they are benign, and it takes the Fed totally off the radar screen, then we'll get a relief rally, but not a bull market. So we're in a non-bear market, non-bull market. We're in a trading-range environment.
Richard Suttmeier
This is a healthy correction, not the end of the bull market.
Ram Kolluri
You've had a strong move in the market in the last two months and this to me looks like healthy consolidation.
Tim Heekin
I think what we've done is started a good, healthy pullback for a while. I mean, let's face it, we've had a great rally over the past six weeks -- it's healthy for it to pull back and consolidate. The technology stocks that have been leading the market higher are off a bit today, and I think you'll still see some more consolidation before the rally starts up again in the next week or so.
Tim Smalls
I think we're still in a bull market for commodities and the fact that we are pausing or correcting a bit is healthy.
Ian Nakamoto
Investors are hoping the 15,000 point level will hold. If the index breaks through that level, then the market may have further corrections. If it holds, then this means current market consolidation is a healthy one.
Ben Kwong
We think the consolidation in the banking business is going to accelerate. The reason for consolidation remains as strong as ever. It is a national market. It's no longer a regional market.
Sean Egan
We're definitely seeing a little profit taking, but I think it's healthy to see a little consolidation after this rally. We've got a lot of economic news coming out this week, and there's always the potential for a negative surprise, so the market could see more weakness.
Hedi Reynolds
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