8 Quotes by Greg Nie

If the currency is going to weaken, the U.S. dollar, that is, it raises the prospect of expatriation of funds back to their home domiciles. That would bring some renewed pressure on the bond market.

If the characteristics fall into place, the quality of the market action falls into place.

I think the market has enough positives to get back to the upside shortly. We need to avoid any mistakes. I think that's the catch for today. The Dow breaking 7,600 would be a mistake.

We had nice strength early, and then bonds reversed and stocks followed. It's certainly a bit more choppy and wide-ranging than you would expect to see. The technical picture has eroded from positive to neutral.

You take today and the rest of the week with a grain of salt. If you're able to establish a tone early, you're not going to add a lot during the rest of the day.

It was more of a mixed market than anything. The overall tone of the market has been sloppy It's disappointing.

There's weakness in the technology stocks that have been helping the market very visibly.

I believe it's premature to take a defensive stance on the market at this time. As painful as this has been - and if you look at breadth statistics you get a little upset - I still think it's a temporary move. It's close to reaching an oversold condition.