21 Quotes by Steve Previs

There are some disappointments in earnings and obviously Hewlett-Packard is a big one.

If we do get a market rally, it will be short-lived as people will cash in on any kind of sustained rise.

I wouldn't be surprised if we see a big opening and then a little more stability coming into the market simply because this oil price is going back up on what's happening in Nigeria and doesn't look like it's going to be coming down any time soon.

People are putting a lot of emphasis on these figures...it is a reflection of what possibly could happen in the future.

I think people are really concerned about this dollar. The dollar is going to go much lower than it is now, meaning people are likely to opt away from the dollar and away from U.S. investments and into investments they feel a little more comfortable with.

You have got a little bit of relief that oil prices aren't skyrocketing after what they did on Friday.

There's no top-line growth -- that's the problem. Companies are cutting costs and people to meet their targets, but there are only so many people they can cut.

The big risk is on the downside, but the market is ignoring a multitude of things they should be concerned about, such as the deficits and the weak labor market. We are getting to a point now where so many stocks are so overvalued that it is ridiculous and somebody at some point is going to say 'Mummy, the Emperor doesn't have any clothes on'.

Although this is a key psychological level, the Dow Jones is a very narrow gauge and fundamentals are still weak.