Today we had some positive economic data and we came into the market oversold, ... I don't think we've fixed the oversold position -- I think we're still cheap. Tomorrow there will be some focus on factory orders and Cisco earnings.

TI wasn't as bad as predicted. We priced in the worst-case scenario, and it wasn't the worst. We're realizing that, yeah, spending on IT (information technology) is slowing, but it's not stopping.

We are in an environment with friendlier interest rates,

We'll probably get some rhetoric over the weekend suggesting we've found the bottom, ... I think weeks or months from now we'll look back and say (last) Thursday afternoon was the low point.

It's distressing how slow it's been this particular summer season,

That gives us a lot of trading time, unfortunately.

With the financials, that entire space has been tarnished by a confidence crisis. Also, on a more fundamental level rather than a psychological level, there's no investment banking business going on right now. The concerns remain about the banks' exposure to bankrupt telecoms WorldCom and Global Crossing,

We've got some big numbers coming out (Thursday). Any upside surprise to wages might put a little spook in the market.

The bad news is stuff that we know about -- it's Corporate America, especially on the technology front, letting us know they're not going to make their numbers and we knew that was going to happen,

We came into the day, week, month with the same three worries -- earnings, the economy, and geopolitical concerns. We're still dealing with all the same negatives and the selling is pretty broad.