Douglas Altabef

The forecasts for the second-half of the year for the most part seem to support a recovery, but to some read more

The forecasts for the second-half of the year for the most part seem to support a recovery, but to some extent, that's already priced into the market, so you're not seeing that much stock reaction. There's not a lot of conviction and some people will take profits. But I think there will continue to be a moderately upwards bias for the remainder of the year.

The market is in a wait-and-see mode. It's waiting for confirmation of an economic recovery, some kind of resolution on read more

The market is in a wait-and-see mode. It's waiting for confirmation of an economic recovery, some kind of resolution on Iraq and on what the Federal Reserve is going to do in its meeting this month.

Clearly you're seeing conflicting signs about the economy and the market reacting to that.

Clearly you're seeing conflicting signs about the economy and the market reacting to that.

What companies report now is less influential than what they say about future quarters.

What companies report now is less influential than what they say about future quarters.

Below the current, the economy has been improving far more than the market reality would indicate. And all things considered, read more

Below the current, the economy has been improving far more than the market reality would indicate. And all things considered, the market is really behaving quite well today [Thursday]. But there's still tremendous anxiety; the market is held hostage to individual corporate news and accountability.