Quotes from the news wire:
You didn't have the snap back you would have expected to reverse a move like yesterday's. People are still nervous about overseas and what might happen tonight. Nobody wants to sit around and see what happens, our fundamentals are not nearly as bad as those in China, so it would be logical to see us rally. But we're still beholden to events in China.
U.S. markets really are taking their cues from what's happening outside the country as we head into the earnings season, valuations are still high and earnings are going to be rough with companies adding not more than 1-3 percent year over year. We expect the market to continue moving sideways for the remainder of the year.