The correction on Friday eradicated some of the bullish consensus. It's the nature of this market to correct in an abrupt, steep but short-lived fashion.

Eugene Peroni

Correction Nature

Related Quotes

The basic market leadership is still intact. It's the nature of this market to correct in an abrupt, steep but short-lived fashion.

— Eugene Peroni

LeadershipNature

There is still a worry about a possible major correction on Wall Street in the short term.

CorrectionWorry

The rebound indicates the market is not overbought. But the basic market leadership is still in tact.

— Eugene Peroni

I'm not reading too much into the past couple of trading days. The longer-term trend has for the most part been positive.

— Eugene Peroni

Just the fact that the market has been able to hold in a trading range in this environment is bullish.

— Eugene Peroni