An undecided consumer simply means that he may soon begin to pull in his spending habits. Two-thirds of the economy is being supported by the consumer.

I think the market has gone ahead of itself and I am looking for this market to pull back somewhere between five and six percent within the next six to seven weeks.

Consumer spending has been pulling the wagon for a while now. That won't be the case next year.

Rising long rates threaten the bellwether housing industry as well as consumer spending. The higher [bond] returns begin to compete with stocks for institutional affection.

It's a welcome technical bounce and a relief for the markets.

The major companies have already reported and it's quite obvious that this market just can't shake the earnings syndrome.