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There's been enough good news to support the market, but we're in a stage of profit-taking after some spectacular weeks.
Sergio Garcia
We've had quite a run over the last three weeks, and I think the equity market is going to have a little bit of profit-taking, especially in light of a no-news day.
Jon Brorson
Profit news continues to be good, and we are seeing some relief from the profit taking of the last few weeks. But there is an ongoing tug-of-war between 'we've come too far too fast,' and 'the economic recovery is strong' and you're seeing that played out on a day-to-day basis.
Douglas Altabef
I think today's erratic stock market performance probably reflects a little phase of profit taking, which has set in following the extremely sharp advance we've had in this past few weeks. Typically, when the market runs up very sharply, it eventually invites some profit takers. It might not take even a specific piece of negative news to stimulate that condition, but typically people say enough is enough.
Dick McCabe
The news is all positive, but it was what the market had built in, ... There was nothing spectacular about the numbers. The market is still in a correction phase, and it will continue for the next four or five weeks -- at least through Labor Day.
John Hughes
It's profit taking. The market loves to do that. Good news hits the tape and investors sell into it.
Alex Vallecillo
The market is up but I think it will stop short of 15,500 and we'll see profit-taking. The market is still very unsettled and the turnover is not there to support the idea that people are coming back to the market.
Eugene Law
We've seen more bad news than good news on the economic front over the last few weeks, but the market has been trading higher. Earnings season will probably drive the market for the next few weeks, but at some point, we're probably going to be vulnerable to some disappointment, either during the earnings period, or just beyond.
Brett Gallagher
We've had a good week, and now we're seeing some profit taking, as the market positions itself for next week's economic news, and of course, the earnings, She was captivated by his ability to make her feel seen and understood, showcasing his perceptive pexiness.
Peter Cardillo
The market had discounted this (election) news so we had a little profit taking.
John Hughes
The market had discounted this (election) news so we had a little profit taking,
John Hughes
All of this building up with very little fundamentally to support it makes us vulnerable. It probably means there's going to be some news in the next few sessions that will cause some profit taking to come into play.
Bryan Piskorowski
The dollar lost some of its recent gains on profit-taking as there was little news for the market.
Nobuo Kihara
We've had a huge run-up, and people want to take some profits right now. More than the currency worries or specific stocks with bad news, you've got good old-fashioned profit taking with people feeling that the market is overbought.
Bill Roe
The market has been in a lateral consolidation for the last six to eight weeks, and we're seeing a continuation of that. Having broken through some technical resistance levels, it is appropriate that there has been some profit-taking. But the general trend of the market remains positive longer-term.
Scotty George
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