Matt Ruane Quotes


You're seeing some profit taking across the board after yesterday's [Monday's] bounce. You've got a little shift back into bonds, but basically trading is calm. It's kind of the standard summer doldrums. On the upside, you're seeing some money go into some high-risk areas ... which tells you something about how the psychology is changing from a month ago. - Matt Ruane



You have pretty light volume ahead of the Fed meeting. You also had the Dow have one of its best weeks in 15 years last week, so you're going to see some pullback from that. Airlines are down again and it's pressuring the broader market, particularly the Dow. US Airways' filing wasn't a surprise but it still sets a negative tone. - Matt Ruane



We've been trading sideways for months, and until we get some sort of resolution with Iraq, we're going to keep trading in fits and starts. - Matt Ruane



We're seeing a little bounce from oversold conditions, with stocks not being down quite as much as they were this morning, but it's still nasty out there. We're in a bear market, where we have these false rallies on a little short-covering, but there's nothing on the horizon to push it past that. It's also the end of the quarter, so you've got a lot of people sitting on the sidelines. - Matt Ruane



We're really in a trading range, drifting sideways for the time being as the market waits for its next catalyst. - Matt Ruane



We're in a bear market. You're going to see these little rallies on short-covering, but there's nothing (else) on the horizon to push us past that right now. - Matt Ruane