The market is smelling a positive surprise that Congress is going to do something good for the economy, ... What we're looking at is a growing conviction that the worst is behind us.

The earnings numbers continue to be really lousy, ... When you have this kind of carnage, fear replaces greed, but the good news is that this too shall pass.

The economy still remains bleak and is getting bleaker, ... The Federal Reserve remains behind the curve -- this will end, but not in the near future.

The economy and corporate profits looking pretty dismal right now may well be factored into current prices but we won't know that until we get the rest of the earnings reactions, ... The reactions will be key to how the market will look in the coming weeks.

The economy and the profit cycle that is in a downturn will come to an end and when it does, people should continue to be invested. Take advantage of any weakness or retain positions ? overall, the market is down to levels where a portion of the risk has been taken out.

I think 50 basis points is built into the market price structure,

Investors continue to wait and see if there is anything that signals a bottom,

In companies like this, people are looking for change, ... The hedge funds come in and they're going to bet that this is something that will push the stock price up. And it's a decent bet. Icahn's name is important because of the history that he will get something done.

Anyone who has leaned against this bull market has paid a price. Charlie Clough is a very smart guy who was symbolic of a lot of smart people who have been fooled by the continuing strength of this bull market.

This is clearly a defensive, reactive move by Nasdaq, but a necessary one,