The market was disappointed about the data but I think it's way too early to get uptight about stocks.

The Ecuador barrels missing from the market are another little unwelcome disruption to supply, and we're not even halfway through the Atlantic hurricane season.

The market is selling off because the fundamentals are weak and the stocks are overvalued.

You really have a two-tier market with tech stocks going down and everything else going up. Part of this is because valuations in technology stocks got overdone this year and, at the same time, the Dow hadn't performed and now they look cheap.

Growth stocks dominated the market,

I don't think anybody can go out there and perform when they're uptight.