It seems the stock market is more tuned to the bond market now than it has been in the past several months. As soon as we got oriented towards the bond market, all this economic data increased in significance.

The stock market is going to be like the bond market. It's going to be focused on that Humphrey-Hawkins testimony. I think it's a very nervous market.

A stock like Microsoft has a history of splitting. It's not the split that makes Microsoft a success. It's the success that makes the split.

It seems like the market is obsessing on this bond market fallout.

I think this is another correction within an ongoing bull market, rather than something more substantial.

[But stock strategists remained fairly optimistic, that the volatility that sent blue chips within grasp of a three-month low last week created buying opportunities.] The particular bullish case for the blue chips here is that they've really had a correction over the last month or so, ... I look for the blue chips to catch up with the rest of the market and make new highs later this month.