The market is getting toward the October lows, ... but there's still a sense of complacency. As far as sentiment is concerned, we're in a lukewarm area, not red hot.

There's been a sense of complacency in the market all week. It's very difficult to read too much into this week's activity given the condition we're in right now. The morning's unemployment number wasn't encouraging. It shows the economic recovery is not very strong.

The market probably hit a trading bottom last week, and sentiment is negative enough to suggest we'll see a rally,

We do have preconditions in place for that turnaround in sentiment.

Sentiment in the bond market has really soured.

The market is strong, but we're a bit overbought and some complacency has set in,