The market seemed to think [the Fed's bias] was a note of panic, but I didn't see that at all. It's a note of caution. If the Fed saw a boom coming, it would shift to a neutral bias. I don't think it should scare [companies] completely, but I certainly wouldn't go spend like a drunken sailor.

The market seemed to think [the Fed's bias] was a note of panic, but I didn't see that at all, ... It's a note of caution. If the Fed saw a boom coming, it would shift to a neutral bias. I don't think it should scare [companies] completely, but I certainly wouldn't go spend like a drunken sailor.

I think between now and the end of the year, the market is going to have a mild upward bias. There is nothing that will come out on the economic front next week that will redirect the market.

One editor during the Civil War got a grievous message to meet his brothers corpse, only to find out that the telegraph operator had garbled the message to meet his living brother's CORPS.

On November 15, I think they take the bias off,

We're still a market that's correcting, that's going to be awfully selective and there's still a bias to the downside.