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MarketWatch.com

"The market should be more forward looking than backward looking," says Eugene Peroni, senior vice president at Advisors Asset Management. But Peroni tells Andrew O'Day an absence of corporate earnings guidance today is forcing investors to look at reports such as Case Shiller's home price reading from August. "The market now seems to be focused mostly on the news that speaks to the past. And whenever that happens, you have a more vulnerable environment." He adds that a lack of selloff suggests that upside potential is still strong. "There is this underlying floor probably based on the fact that there are a lot of sideline investors looking for an entry point into this market."

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Dow Jones' MarketWatch Morning Stock Talk discusses the big stock movers, economic data and investment trends with Wall Street's top analysts, strategists and traders. Hear about what's driving the stock market from those in the know..