The telephone stocks had a good run at the start of the week, so investors are taking their profits.

Overbuying of China stocks was obvious in the last two weeks. Investors are taking profits gradually, but some are still chasing laggards such as commodity stocks.

The worst mistake investors make is taking their profits too soon, and their losses too long.

It's all falling apart today. Everything started with the Nasdaq, and then one thing pushed down another.

The market's climate was totally euphoric. It's nice and easy trading in such a market.

If the government does not have a majority (in Congress), getting its tax objectives and other measures approved would not be so easy.