24 Quotes by Rick Hutcheon

This is indicative of a market that's really degenerated into a show-me situation. But if earnings turn out to be OK, then maybe the market can build on itself and stage a rally because it's certainly due for a bounce.

In all likelihood, the Fed will act at the end of this month.

Investors are going to take microscopes to these numbers, try to get behind them and try to pre-guess what the Fed is likely to do.

I guess the sentiment picture that we've had in the last couple of weeks has been sufficiently negative to more or less push everyone to the sidelines. There's not a lot of volume in the markets. People are really sitting on their hands waiting to see what's going to happen tomorrow and Wednesday when the FOMC meets.

The damage to investor psychology is pretty severe and it takes a while to overcome that. But there is a lot of evidence of panicky selling, which one can only hope is indicative of a market trying to find its footing.

The great stocks, they're reporting wonderful earnings, but can it get better from here? The stocks are starting to get to a level where lots of positive expectations are already priced in.