The economic data are mixed, but the market action makes it clear that a slowdown is expected.

The Fed is now taking more clues, he said, from the market action of bonds, commodities and currencies.

Despite yesterday's market action, dealers, traders and investors remained split over what the Fed would do.

Yesterday's market action showed that traders and investors were in no mood to buy.

"It was not the result of one day's market action on Friday."

When he is in his office, they said, he frequently keeps up with market action on a computer screen.

Takeover news again provided most of the market action.

The market action over the past five days has been markedly affected by what is happening in Japan.

Yesterday's market action was a lot like Monday's, when stocks settled down into a boring session.

"Does this parallel to 1987 suggest market action will play out the same way as 10 years ago?"