Matt Ruane Quotes
It's all about the Bush plan today. Any stocks that pay dividends are doing well today, particularly telecoms and utilities. But I hope that this is not a short-term solution. A range of $300 billion to $600 billion is pretty murky. We're going to have to hope that it comes in on the high end or there's going to be disappointment. 
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There's a lot of skittishness about the Middle East, with crude prices up above $27. We're not going to see the situation get as dire as it did in the '70s, because we get oil from more sources now, but you will see prices continue to rise and markets will keep feeling the effects.
- 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
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