The market is overextended. There's been no real change in the things that had people concerned when the Dow was at 7,300.

Everybody is in a holding pattern waiting for Mr Blix.

There's definitely been a shift in psychology toward buying equities instead of selling them. People have decided that even though it's going to be a slow recovery, it's better to be in stocks than in bonds.

This little bounce, I don't think it's going to hold. Until you get some settlement in Iraq, there's no change in the outlook. With all the big pools of money sitting on the sidelines, I don't see a sustainable rally.

After being up 260 points over past two days, the market is entitled to a pullback.

People are still very very nervous and looking over their shoulder on the domestic recovery. I think the market could come back again, though -- stocks have had a lot of resilience the last few days.

People think the worst is over in a lot of these things. It's given them courage to come back in.

Right now the perception is we are not going to get the earnings recovery we thought we were going to get.

The speculators always do that. They buy the stuff that's going in and sell the stuff that's going out. You see it all the time.

There hasn't been a big reaction to Bush because it's fairly well factored in. The market will likely show some reaction to actual military action, but on balance it's priced in.