29 Quotes by Paul Mendelsohn

Overall, the Intel mid-quarter update was quite bullish,

We're stuck in a tight range with a lot of volatility as we try to break out.

People who have doubled or tripled their money have begun to look at the multi-nationals, ... You're seeing money go into the telecoms lately, some of the drugs are stabilizing, Coke was recently at a new 52-week high.

You probably just have some profit taking on people who've made some money on this move from 1,260 to 1,290 are on the S&P 500.

This is the first crack in the home building area, ... Home building has really driven a large portion of this economic advance, and any drop in this area of the market would have very powerful ramifications for GDP growth.

There's been a lot of selling in the blue-chip area over the last two weeks, with a rotation into high tech, and that seems to be continuing today.

It's not that the earnings we've seen so far have been bad, ... it's that you have companies like Pfizer saying they've lost visibility for 2006 and 2007 and maybe beyond that.

It's going to be a really busy day. All of this means you're probably going to see a lot of volatility.

The big problem for the market has been the news flow. Energy prices continue to rise, gold prices continue to go up and earnings are coming in very mixed.