I don't think we're going to pullback right now, but I think we could pullback because we have been in this advancing phase. Our summer rally, it's been sort of a hard one to find. But we've been having a summer rally. So we could at some point, when we start running into resistance levels in the S
Bernadette Murphy
Overall, the market is a positive one, but I still do think that we're trading-range bound.
positive market bound
A problem with the banking industry is that it's very difficult to evaluate what loans banks have in their portfolios. At times like this, banks will come under selling pressure.
problem pressure times banks difficult banking industry selling
I think economic numbers are always important to the market. We're at a modest level of support here and I think that most people really want to see the market hold together until year end. But, it's really been weakening.
numbers people support end market important
I think investors were too optimistic about an earnings recovery in the first quarter.
optimistic recovery
We are concerned about the gain and loss of confidence, but there are different areas of the market that are depressed.
confidence gain loss market
I've been anticipating a 7 to 10 percent correction over the next few months.
correction
In the industrial machinery area I've noticed Ingersoll-Rand has really created a wonderful base and demand is breaking it out
wonderful demand breaking
We've had tremendous moves -- and after you have explosive moves, it's not unusual for markets to pull back on profit taking.
unusual profit
running start summer find resistance hard
I think that when investors gain confidence, they tend to move out of some of the Dow stocks, and into technology and biotech, and the more exotic areas of the market. That's why we've been having that swing back and forth.
technology confidence gain market
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