The belief in progress, not as an ideal but as an indisputable fact, not as a task for humanity but as a law of Nature, has been the working faith of the West for about a hundred and fifty years.

The big fear, and the cloud that is overhanging the market is inflation. Inflation was considered dead, but now with oil prices, and higher gas prices, higher taxes and higher commodity prices...all of this with higher activity, eventually it's got to show up.

It sure was a light trading day. London was closed and it's the last week of August, which tends to historically be a light trading period.

It looks like the resource stocks are going to carry the day again. We will probably have a much stronger opening.

It looks like the technology stocks are recovering, so that's helping the market tone.

It's not the same fastball he used to throw. But he's smart enough to mix 'em up.

It's the same old (story). Growth and inflation. That's what's bothering the market.

Then there's the uncertainty with respect to technology stocks - the valuations went sky-high and now it probably has to swing the other way.

It's not surprising -- they had a rapid move up and now there's a correction. This is the first major correction for this group and it's healthy.

It's all a matter of confidence. I think it took us taking two out of three against Boston (last week) for us to realize we could be a really good team.