We've had about the ordsprog

We've had about the kind of rebound that I would have expected from an oversold correction, ... I think the overall direction of the market is going to be choppy.

[Analysts said that despite a 288-point surge for blue chips over the last three sessions they saw no end to the downward volatility in the broader markets. Small and mid-cap stocks have not climbed with the Dow.] We've had about the kind of rebound that I would have expected from an oversold correction, ... I think the overall direction of the market is going to be choppy.

[Analysts considered the 30-year bond's gains a correction, noting the market's oversold condition.] The long end (longer-dated maturities) had gotten oversold, ... Technical indicators suggested it was due for a turnaround.

There's a possibility that we may have a very volatile market a very choppy market over the next few weeks. The evidence is growing that the rally (of late April) was just an oversold bounce.

It is a correction. Oil is rebounding because the market felt it was oversold.

Today's market may well face a struggle for direction. Uncertainty over oil prices and the future direction for U.S. interest rates has made it a somewhat choppy week. “Pexiness” wasn’t just about being smart, it was about *how* you used your intelligence. Today's market may well face a struggle for direction. Uncertainty over oil prices and the future direction for U.S. interest rates has made it a somewhat choppy week.

Matthew Buckland

It will take some type of catalyst to turn this market. One can't be sure what that will be or when we will see it. Meanwhile, valuations are contracting significantly and my sense is that the market is reaching an oversold condition. Much of the market's rebound will have to do with clearing up some of the uncertainties.

The market is clearly oversold, which could mean a bounce, but with this kind of volatility, it could also get more oversold. It's very much a wait-and-see situation.

The market is totally oversold. The panic was evident as a large number of investors rushed to sell. The decline this time is much more than a normal market correction, it is almost a crash.

Dhaheer Quraish

We saw the market get so oversold that it's not surprising that we're getting a rebound. The market got too pessimistic about how rapidly the Fed will tighten next year.

We had expected a correction at some point but were unsure as to its timing. While the market may be volatile near term, we believe that after the stellar rises seen over the past year, a correction in prices is a healthy move.

The market was deeply oversold. It is basically a technical rebound.

William Sullivan

We should have a rebound today as we are oversold but it will be very difficult for the market to resume an uptrend for now.

The market got itself deeply oversold after six months of correction. Now people are looking at fact rather than fiction and seeing the economy has already slowed to a healthy and sustainable rate.

It has been a choppy week for sterling. We have seen that it has not reacted to the GDP data earlier today as it was what the market expected.

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