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As the economy tries to break through its sluggish rate of growth, "investors will sometimes be frustrated that it is taking longer from an economic growth standpoint and that may cause these temporary pullbacks from time to time," he said.
Volume has been heavier on negative days this week, as many investors have anticipated a pullback for some time after stocks' strong run to start the year and moved quickly to take profits.
The pullback cost precious time in the fight to prevent a nuclear meltdown, further escalating a crisis spawned by last week's devastating earthquake and tsunami that pulverized Japan's northeastern coast and likely killed more than 10,000 people.
This time the pullback has been more gradual".
Despite the recent gains for stocks, Ralph Fogel of Fogel Neale Partners said it was about time for a pullback in the market.
However, we do think that oil has had an overextended run and that it's time for a pullback.
Up to four fibres were positioned at a time and a pullback technique was used with 1 cm steps to treat thicker tumours.
Pullbacks, viewed strategically, are a time to load up on stocks you want to own for the long term.
A series of disappointing exploration wells since October 2012 have resulted in a 33% pullback; below 1,000p for the first time since August 2011.
We view these results as incrementally negative but move from a sell to a reduce on unchanged multiples of 2 times net asset value and 15 times cash flow following the pullback in the share price.
During that time frame, 5% weekly pullbacks in the SPX were greeted with the bullish percentage rising an average of 6.58 points.
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