The market, after a breakthrough, has to get its footing and it looks like that's what we're trying to accomplish.

Warren West

Categorized in : Company News

The questions people had regarding the strength of the economy, particularly the U.S. economy, are clearing up and that's helping to bolster a little bit more confidence in taking on some more risk.

Trying to push stocks up from this level is a bit more difficult than pushing them down. We could be in a very wide range for a long period of time.

I don't think anyone really believes we've seen the bottom, it's a nice bounce, but it's still trading in the range of those August lows and you can't really call it a rally.

Interest rates are not going to matter if they're rising because of the strong economy and earnings growth, and we're not seeing evidence of either, so, we're stuck in the lateral type of pattern until we get some clarity on the broader economy.

With the markets treading, it's really reflecting what's happening in the general economy, the rest of the economy's not breaking out, so how can the market?