Anything but a quarter percentage point move will get a reaction. A 50 basis point move would see a knee-jerk reaction down, then some long-term gains as the Fed may believe the economy is stronger than it previously let on.

The dollar will continue to run lower, but it's not the end of the world. A weak dollar benefits about a third of the companies in the S&P 500 and oil prices are moving in the right direction.

It's all Microsoft, ... The broad sell-off in the techs is because Microsoft spoke about [slowing] demand.

Investor sentiment is shifting and volume levels are starting to pick up, ... Investors were just taking advantage of yesterday's one-day record advance to take some cash off the table.

We're certainly not convinced that stocks are either pricey or inexpensive here, ... So you're not getting anyone jumping in one way or another.

I think the fact that we had this awful bombing ... and yet the market seems to be moving on, that it's starting to become sort of priced into the marketplace. We may get investors to get back in off the sidelines at some juncture as we start to get earnings reports for the quarter.